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Singapore-listed US Reits mitigate impact of US tax rule changes

Keppel-KBS US Reit and Manulife US Reit have taken steps to preserve transparency; align with changes in US

Published Tue, Jan 2, 2018 · 09:50 PM

Singapore

IN a bid to preserve tax transparency, managers of the two Singapore-listed US real estate investment trusts (Reits) have taken certain steps to mitigate the impact of recently announced changes to US tax rules.

One of the effects of the tax bill, which was passed barely more than two weeks ago, is the deductibility of certain interest expenses for taxable years after Dec 31, 2017.

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