Analysing REITS

[Boon]

just airing my reading...
The article by KPMG Leonard Ong and Agnes Lo in BT 18Feb 2014, is alarmist.

Boon's 5.6 extract of his iras link is a teaser
And the concern is really eradicated if we read on to para 5.7 of Boon 's link http://www.iras.gov.sg/irashome/uploaded...-05-30.pdf


which in simple terms means S-Reits will continue to receive tax exemption post 15March 2015 from income of its foreign assets acquired before 15 March 2015 as long these assets continues to be beneficially owned, directly or indirectly post 15Mar2015

So....the gate closes for NEW foreign acquistions. The older foreign assets ( pre 15Mar2015) remittance to the trustee in Singapore are still tax exempt.

Is that the motivation First Sponsor, Fraser HTrust rush to list.....they have foreign real estate assets.

can infer what other existing Reits will get hot in their acqusitions trail?

jus my interpretation of the link 's content

6.7
"The tax exemption scheme for infrastructure foreign income will expire on 31 Mar 2017 (unless specifically revoked earlier). Accordingly, where the section 13(12) declaration form is submitted to IRAS after 31 Mar 2017, the infrastructure foreign income will not enjoy the tax exemption, unless the scheme is extended."

Section 5 (S-Reits) is meant to align with Section 6 (Qualifying offshore infrastructure project/asset) - With the alignment, does it mean that the tax exemption scheme for S-reits foreign income will also expired on 31 March 2017, unless extended ?