Glossary · tax
Section 13U
Also known as: Section 13U incentive, Singapore 13U, 13X (former)
- Definition
- Section 13U of the Singapore Income Tax Act grants a tax exemption on specified investment income for larger resident family-office structures. Formerly known as Section 13X.
The 13U regime sits above 13O for larger funds — minimum S$50M AUM, at least three investment professionals (one a non-family member), minimum S$500,000 annual business spend tiered up to S$1M by AUM band, and the same 10% local-investment requirement as 13O. Most SG family offices begin under 13O and migrate to 13U as AUM crosses S$50M. Renumbered from 13X in 2019.
Source: Income Tax Act 1947
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