Reits sector gets big boost from lifting of sunset clause on tax exemption
Extension of other tax perks also cheered, but some say Budget moves may not be enough to draw trust and Reit listings, especially from aircraft leasing sector
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FOR Singaporeans investing in real estate investment trusts (Reits), Finance Minister Heng Swee Keat's removal of the sunset clause for tax exemption on Singapore-listed Reits (S-Reits) and Reits Exchange-Traded Funds (Reits ETFs) distributions is undoubtedly welcome news.
The extension of other tax concessions - including the concessionary income tax rate of 10 per cent for S-Reits distribution received by non-resident non-individual investors, as well as tax exemption on qualifying foreign-sourced income - also brought a smile to industry players.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
