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Disposal proceeds from the sale of plant and machinery deployed in a business | Disposal proceeds from sale of PPE is considered Revenue Receipts of Capital Nature. 1) Fruit and Tree Analogy- “Deployed in Biz”; therefore without the intention of making a quick gain 2) Fixed Capital v Circulating Capital- example of PPE in biz to produce income; disposal proceeds regarded as capital receipts |

Late Payment interest charged on subscriptions by a recreational club to a delinquent member | 1) Section 10(1)(a)- Non trade source of income; interest.Riches vs Westminster Bank- “essence of interest is that it is a payment which becomes due because creditor has not had his money at the due date. |

Interest income received by an individual from deposit of moneys at an approved local bank | Tax Exempt- interest income derived by resident individual from Singapore approved banks and finance company is exempted from Tax. Section 10(1)(zd) |

Rental income received from lease of warehouse space in the manufacturing premises of magnum incorporated, a Singapore incorporated and tax resident company. | Qns to ask- Rental- moveable/immovable propertiessource of rental income depends on the location of warehouse?Trade income-S10(1)(f) Non trade income-S10(1)(a)Withholding tax as a safeguard against non-residents not in singapore earning income earned from singapore source. |

Lump Sum payment received from Choco Pte Ltd for infringement of use of a trademark | Article 12 of OCED model income tax convention- Royalties means payments of any kind received as a consideration for the use of any copyright of the literary,artistic or scientific work(includes patents) Therefore, the compensation is regarded as revenue in nature and liable to tax under Section10(1)(f)Qns- depending on location of trademark, where it was patented, trademarked. |

Payment of a monthly fee of $10k by cool sounds pte ltd, a Singapore radio station to Mr Colby brown for the jingle that Colby wrote....