• Service: Tax
  • Industry: Infrastructure, Government and Healthcare, Building, Construction & Real Estate
  • Type: Business and industry issue, Publication series
  • Date: 10/30/2012

Asia Pacific Real Estate Funds Briefing - Issue 3, October 2012 

As real estate funds increasingly turn towards Asia as an investment location, local tax authorities are increasingly focusing on how these investments are taxed. The many regions, regulations and authorities complicate the increasingly difficult task of structuring a fund to achieve a tax efficient outcome and achieve returns that are in line with investor expectations. This newsletter updates readers on developments affecting the structuring of real estate funds in the region, with a particular focus on the impact of changes on the tax efficiency of commonly used investment structures.


Featured in this edition are:

Singapore: Providing tax certainty on disposal gains from equity investments
2012 Singapore Budget: Enhancement of designated investment and specified income lists
India: Enactment of Finance Act, 2012
Notification of Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012
Australia: Ongoing Managed Investment Trusts (MIT) reforms
Foreign superannuation funds and the MIT regime
Business Tax Working Group (BTWG) and proposed reduction to Australian company tax rate
China: Tax treaty beneficial ownership clarifications issued
Korea: Revised Korea-Switzerland DTA takes effect
National Tax Service (NTS)rejects refunding capital gains tax of Lone Star Fund
Malaysia: Malaysian 2013 Budget - establishment of the tax framework for Business Trusts
Revision in Real Property Gains Tax (RPGT) rates
New Zealand: Simplifying compliance requirements for certain non-resident investors in PIEs
Lease inducement payments to be taxable
Asia Pacific Real Estate Funds Briefing
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