Bought some more Stareits today!!! Follow Cherroy......

I need some clarification on income tax assessment. Already went to LHDN last week to ask about REITs "dividend" and the lady said that I don't have to declare the dividend from REITs. Is that true?

If that is so, why do I need to keep the "Tax vouchers"?

This post has been edited by kmarc: Apr 12 2010, 12:00 AM

Owh, I see what you mean. Thanx for the clarification.

Cherroy, you always said that many people treat REITs like they were stocks, which is not correct.

Just wondering how we should actually treat REITs then? Fire and forget?

Thx for the reply. I understand that part now.

However, in the context of increasing stock price, is there a level where you would want to sell your REITs? I think this was discussed before but I can't remember the reply. Take for example HEKTAR. My ABP is around RM1.00 and the stock price is now RM1.20. That means a capital appreciation of 20%. So, if I were to hold it forever, that capital appreciation would mean nothing, provided I don't buy any more Hektar. If I sell Hektar, I will get the capital appreciation profit and the capital back to reinvest in other REITs that gives a higher dividend rate compared to HEKTAR. I don't really know how to express this but I hope you get my meaning.

I see. As with the above question, what if there is capital appreciation? Any level to sell off?

This post has been edited by kmarc: May 20 2010, 02:49 PM

Thx. That's the answer I was looking for.

Another question, my ABP was RM1.00. So, in terms of yield, I should be calculating based on RM1.00 and not RM1.20 right (or even if the share price shoot up to RM1.50)?

Ok, thx for clearing that up. I still look see look see REITs prices every SINGLE day!

Cool! I thought I was the weird one.....

Besides Qcap, any other REITs counter you're aiming for at the moment?

Ok, thx for the info. Will aim for more REITs in the future.....

I always curi curi buy from behind when taikor mention he is going to buy or has bought his favorite REITs.

I think Qcap can get RM1.02 today or next week.....

Talking about Holland makes me feel like going for a tour in Holland!!!

Hands so itchy to buy some more Qcap......

Edit : Wow! Somebody sold 1000 lots of Qcap at RM1.02!!!! Should have queued at RM1.02......

This post has been edited by kmarc: Jul 23 2010, 04:44 PM

Yeah, gonna grab some before its quarterly results.

This post has been edited by kmarc: Jul 23 2010, 06:00 PM

I'm hoping for it to go up to RM1.07-RM1.08 range so that I can sell some off and pick it up again around it's normal range of RM1.01-1.02.....

Notice big lots whacking the price down for the past week but looks like they've disappeared since yesterday........

This post has been edited by kmarc: Jul 30 2010, 09:45 PM

No! Wait until I earn some KFC first!!!!

Yup. Taxed at company level (as long as company distribute 90% or more of their profits). No need to declare anything but you need to keep the dividend slip just in case LHDN audits your tax filing.

In REITs, the correct term is "Distribution Per Unit" and not "Dividend"

Dunno. Better ask Cherroy. As far as I know, REIT price not necessarily will correspond to NAV. REIT price, like stock price, depends on what investor thinks they are worth.......

Errrm.... didn't follow ARREIT but REITs usually distribute 90% or more of their profits, hence only 10% withholding tax......

Anybody know when Qcap is announcing their divvy?

I'm no expert in REITs but I won't sell my REITs now as I'm keeping it for dividend.......

Weird that stareit didn't rally after dividend announcement. Did I miss something?

Yeah, still good returns and also hope for some capital appreciation.

Thx for the explanation cherroy. 7.3% is ok for me, considering the fact that a lot of REITs has already gone up except for stareit. Hoping for some capital appreciation too.

Wah! You bought some recently? Ok, I will follow your behind next week (again)!