May 13, 2015
Earlier this year, the REIT concessions, which were due to expire in March, had been the subject of much industry speculation. With the announcement of Budget 2015, it was finally clear that with the exception of the stamp duty remission, all REIT concessions would be extended for five more years, coupled with a surprise enhancement to the GST concessions.
Following from the budget, PwC and Rodyk organised a joint talk for our clients, covering the REITs concessions for the next five years, REITs structures and strategies to mitigate stamp duty incidence in respect of sale of Singapore real properties to REITs, and the legal and tax implications for such structures.
Rodyk's real estate partner Norman Ho and corporate partner Nicholas Chong, together with PwC's real estate tax specialist Teo Wee Hwee, spoke at the sessions, which were held over two days.
Nicholas Chong (left) with Teo Wee Hwee (right) after the talk.
Norman Ho (left) shared the stage with Teo Wee Hwee (right).
About Dentons Rodyk
Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.
Dentons Rodyk & Davidson LLP is a limited liability partnership registered in Singapore with Registration No. T07LL0439G, and a member of Dentons' global legal practice.