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BUDGET 2015

Tax incentives for S-Reits extended but not stamp duty remissions

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All these moves are aimed at promoting Reit and business trust listings in Singapore amid intensifying competition in Asia as various countries develop and improve their own Reit and business trust frameworks.

Singapore

INCOME tax and GST concessions for Singapore real estate investment trusts (S-Reits) will be extended for five more years, but stamp duty concessions for the purchase of local properties will be allowed to lapse after March this year, said Deputy Prime Minister and Finance