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Singapore family office tax

The tax treatment is a large part of why families choose Singapore. Here is what the 13O and 13U schemes exempt, and the wider regime around them.

The short answer: under the 13O or 13U schemes, a family office fund's qualifying investment income is exempt from Singapore income tax. Singapore also has no capital gains tax, no estate duty and no wealth tax, and foreign-sourced income is generally not taxed unless remitted into Singapore.

The scheme exemptions: 13O and 13U

Both schemes, administered by the Monetary Authority of Singapore, exempt qualifying investment income of the family office fund from Singapore income tax, subject to meeting their conditions on assets, investment professionals and local spending. See the 13O vs 13U comparison for the thresholds.

The wider regime

  • No capital gains tax on investment gains.
  • No estate duty, which matters for intergenerational transfer.
  • No wealth tax.
  • Foreign-sourced income is generally not taxed unless it is brought into Singapore.

Together these make Singapore efficient for holding and passing on family wealth, which is a large part of its appeal alongside legal certainty and stability.

The catch: conditions and advice

The exemptions come with real conditions that must be maintained, including minimum local business spending and staffing. And your overall position depends on your home country's rules too. This is general information; a licensed tax specialist confirms how it applies to you.

Frequently asked questions

How is a family office taxed in Singapore?

A family office fund under the 13O or 13U schemes is exempt from Singapore income tax on its qualifying investment income. More broadly, Singapore has no capital gains tax, no estate duty and no wealth tax, and foreign-sourced income is generally not taxed unless it is remitted into Singapore. A licensed tax specialist confirms your position.

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Sources

Indicative, drawn from MAS (13O, 13U) and the Inland Revenue Authority of Singapore, July 2026. Tax treatment changes and depends on your circumstances. This page is general information, not tax, financial, legal or immigration advice.