In Kotagaralahalli Peddappaiah Nagaraja v Moussa Salem and others [2023] SGHC 6 (KPN v Moussa Salem), the General Division of the High Court of Singapore (General Division) held that, in determining whether a presumption of resulting trust has arisen over property in favour of a party, the court may have regard to the true economic substance of the parties’ transaction seen in its wider context, and not just the direct consideration for the property. This update looks at the court's decision.