The (2+1)-dimensional Korteweg–de Vries–Sawada–Kotera–Ramani (KdVSKR) equation is studied by the singularity structure analysis. It is proven that it admits the Painlevé property. The Lie algebras which depend on three arbitrary functions of time t are obtained by the Lie point symmetry method. It is shown that the KdVSKR equation possesses an infinite-dimensional Kac–Moody–Virasoro symmetry algebra. By selecting first-order polynomials in t, a finite-dimensional subalgebra of physical transformations is studied. The commutation relations of the subalgebra, which have been established by selecting the Laurent polynomials in t, are calculated. This symmetry constitutes a centerless Virasoro algebra which has been widely used in the field of physics. Meanwhile, the similarity reduction solutions of the model are studied by means of the Lie point symmetry theory.
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