http://reits.a-z-finance.net Learn about Real Estate Investment Trusts (REITs) Fri, 22 Aug 2008 04:00:17 +0000 http://backend.userland.com/rss092 en The SC in its revised REITS guidelines which came into effect yesterday, has just announce some of the following measures to enhance the attractiveness of Bursa Malaysia as a destination for REIT listings and promote a vibrant and competitive REIT industry domestically and regionally: REIT would now be able to acquire ... http://reits.a-z-finance.net/new-sc-measures-to-boost-reits-industry/ Singapore-based CapitaLand Ltd has submitted its application to list its RM2bil real estate investment trust (REIT) on Bursa Malaysia. It’s chief investment officer Kee Teck Koon only expects to obtain the approval by the fourth quarter of this year. Assets to be injected into the trust will include Gurney Plaza ... http://reits.a-z-finance.net/capitaland-applies-to-list-rm2bil-reit/ Besides being tax exempted on the disposal of property to a REIT, a company disposing industrial building where initial annual allowances have been claimed to REIT will also not have any balancing charge. http://reits.a-z-finance.net/disposal-of-property-to-a-reit-balancing-charge/ S109D requires a REIT to deduct the necessary tax(26%) from the gross distribution and distributes the net amount to the non-resident company. The tax deducted has to be paid to the Inland Revenue within one month after distributing the net dividend. An account of the details of the recipient has ... http://reits.a-z-finance.net/responsibility-of-malaysian-reits109d/ (a) Rental income from the letting of real property is a business source, hence any outgoings and expenses incurred in respect of the business are deductible. Note that any excess of expenses over income is not allowed to be set off in the current year or carried forward to next ... http://reits.a-z-finance.net/rental-income-business-losscapital-allowance-of-malaysian-reit/ With effect from Year Of Assessment 2006, legal , valuation and consultancy fees in connection with the establishing REIT prior to the approval by the securities commission shall be given tax deductin in the year of assessment where the REIT commences business.[Income Tax(Deduction for Establishment Expenditure of REIT or Property ... http://reits.a-z-finance.net/setting-up-malaysian-reit/ There have been much talks amongst Malaysian real estate investment trust (REIT) players pertaining to the possible relaxation by the Malaysian Government on REIT’s rules so as to boost the industry’s profile among foreign investors and accelerate its growth. They viewed that the relaxation of certain REIT’s rules are crucial to ... http://reits.a-z-finance.net/hopeful-of-positive-change-in-the-malaysian-reit-industry/ UOA Asset Management Sdn Bhd, the manager of UOA Real Estate Investment Trust (UOA REIT), has received an offer from UOA Holdings Sdn Bhd for the sale of freehold land with a five-storey building with two mezzanine floors and three basement parking levels which is located along Jalan Pantai Jaya ... http://reits.a-z-finance.net/uoa-reit-to-purchase-wisma-uoa/ SP Setia Bhd Group chief executive officer Tan Sri Liew Kee Sin was named the new Property Man of the Year in the 15th FIABCI Malaysia Property Award held at One World Hotel yesterday.  The event was graced by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.   A total of nine ... http://reits.a-z-finance.net/sp-setia%e2%80%99s-ceo-awarded-the-new-property-man-of-the-year/ Atrium REIT:- Recently, Atrium REIT (real estate investment trusts) though among the smallest in terms of market capitalisation (RM130mil), has in the past several months been enjoying quite a bit of the limelight. Comments from AmResearch:- Atrium yield is comparable with the larger REITs and probably by virtue of its size and focus, ... http://reits.a-z-finance.net/atrium-reit-miscellaneous/