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 Singapore REITS, S-REITS

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SUSTOS
post Oct 29 2021, 07:31 AM

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FEHT: https://links.sgx.com/FileOpen/FEHT%203Q%20...t&FileID=688633
SUSTOS
post Oct 29 2021, 10:37 AM

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CDL Hospitality Trust: https://links.sgx.com/1.0.0/corporate-annou...08f0a94b21127b2
SUSTOS
post Oct 29 2021, 08:33 PM

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ART: https://links.sgx.com/FileOpen/3Q%202021%20...t&FileID=688889
SUSTOS
post Oct 29 2021, 09:45 PM

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QUOTE(Ramjade @ Oct 29 2021, 09:17 PM)
https://www.malaymail.com/amp/news/malaysia...earning/2016977
Does this apply to overseas job or investment? I read it as job but maybe I just want to read it that way. sad.gif
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mad.gif Gonna give up my Malaysia citizenship soon... ranting.gif
SUSTOS
post Oct 29 2021, 09:53 PM

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Hansel Can share how to shield against this tax ah?

Maybe it is time to set up Cayman Island shell companies or transfer profit to Ireland. laugh.gif
SUSTOS
post Oct 29 2021, 10:27 PM

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QUOTE(dwRK @ Oct 29 2021, 10:26 PM)
if you go USA or Japan.. your world wide income is taxable...

your angpow money is also taxable... wink.gif
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Not in HK and SG. SG is where I want to be. tongue.gif
SUSTOS
post Oct 29 2021, 11:27 PM

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QUOTE(dwRK @ Oct 29 2021, 10:26 PM)
if you go USA or Japan.. your world wide income is taxable...

your angpow money is also taxable... wink.gif
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Ok I did some quick check, stay in Malaysia for 182 days or more then considered tax resident, so I buy property in SG with my family when retire stay in Malaysia for a few days less than 6 months, then can escape tax. biggrin.gif
SUSTOS
post Oct 30 2021, 07:01 AM

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QUOTE(Ramjade @ Oct 30 2021, 06:09 AM)
Sg is one of the worst place to be. Portugal, Canada are good place to stay  Portugal low tax.
Finland very good life balance.
Canada high tax but good life

You do know that sg PR cannot buy a hdb? They need to buy a 5 year old flat. One HDB easily sgd300k. Good luck.
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Well everyone has different goals and views. I disdain Western countries for their high taxes and over-liberal lifestyle, plus racial discrimination there. You seem to hate SG in every way, that's ok.

HDB resale flat is what I am aiming for, if I am SG PR. I do not discount the possibility of giving up my MY citizenship, so there is still a chance of me becoming kiasu kiasi Singaporean, then BTO flats will be the main avenue for me.

For work SG is fine, also good for starting a family too, compared to MY and HK. But for retirement, as of now, MY still ranks the best among the 3.

This post has been edited by TOS: Oct 30 2021, 07:04 AM
SUSTOS
post Oct 30 2021, 09:01 AM

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QUOTE(kart @ Oct 30 2021, 08:58 AM)
If the dividend is credited into our banking accounts in Singapore or any other foreign country, income tax should not be imposed upon our dividend, right?
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What about if it goes to SG bank account, then you move that dividend into Malaysia say via CIMB SG/Maybank SG to say CIMB MY?

If LHDN/IRB wants to argue, you transfer it to Malaysia, so you receive it in Malaysia in the end. Sound plausible?
SUSTOS
post Oct 30 2021, 09:46 AM

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QUOTE(prophetjul @ Oct 30 2021, 09:37 AM)
https://assets.kpmg/content/dam/kpmg/my/pdf...ing-for-all.pdf

More on foreign source income.
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QUOTE
While for dividends, the tax residence of the payer company is usually determinative.


Tax residence of SREITs in SG, tax residence of US companies in US. So need to pay anyhow? Next year also got TIN, they can check with OECD your overseas bank account etc.
SUSTOS
post Oct 30 2021, 10:03 AM

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QUOTE(prophetjul @ Oct 30 2021, 09:53 AM)
Since the payor company is determinative, we should not have to pay?  Deemed to have paid at company level as in single tier thing?
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If everyone argue like that then LHDN would have collected nothing tongue.gif SG and HK certainly single-tiered taxing. Not so sure about US.
SUSTOS
post Oct 30 2021, 04:04 PM

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https://www.theedgemarkets.com/article/delo...crease-tax-bill
SUSTOS
post Oct 31 2021, 05:50 PM

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https://www.pwc.com/my/en/publications/taxa...tion-part1.html

QUOTE
Removal of tax exemption of foreign income - foreign-sourced income of Malaysian tax residents is taxed upon remittance into Malaysia.


https://www.ey.com/en_my/news/2021/10/budget-2022-comments

https://www.pwc.com/my/en/assets/publicatio...-2022-Part1.pdf

user posted image
SUSTOS
post Oct 31 2021, 11:43 PM

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QUOTE(tadashi987 @ Oct 31 2021, 11:12 PM)
so far I have never transmitted back to Msia, having said the details are yet to be finalized or provided.

Seriously I am really sceptical about how they are gonna manage this.
Imagine I invested long term in S-Reits, realized gain and reinvest countless times, in between I might remit some of my SGD back to MYR
1) how they are gonna know that this SGD is my gain from S-Reits, how does the accounting work? who gonna calculate how much tax to pay? shakehead.gif
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Ya now it falls onto us tax residents to keep track of every single transaction of SGD in/out of our bank account. Lots of labour work required and can be especially demanding for those who are not disciplined enough.
SUSTOS
post Nov 1 2021, 08:20 AM

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Elite Commercial: https://links.sgx.com/1.0.0/corporate-annou...e6fcccdbcd26c66

CE REIT's acquisition of logistics property in Italy: https://links.sgx.com/1.0.0/corporate-annou...3d39a926969b0b3

ART's acquisition of student accommodation property in IL, US: https://links.sgx.com/1.0.0/corporate-annou...2afc7f25ef7acab

ESR REIT's business update video: https://links.sgx.com/1.0.0/corporate-annou...3eb990f6cc71383
SUSTOS
post Nov 2 2021, 08:03 PM

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OUE Commercial REIT 3Q business updates.

https://links.sgx.com/1.0.0/corporate-annou...a9c894e5879b0ea
SUSTOS
post Nov 3 2021, 08:22 AM

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A bunch of results and business updates out today:

MUST: https://links.sgx.com/FileOpen/Manulife%20U...t&FileID=689359

Capitaland Investment: https://links.sgx.com/FileOpen/CLI%203Q%202...t&FileID=689344
SUSTOS
post Nov 3 2021, 11:12 AM

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QUOTE(prophetjul @ Nov 3 2021, 10:40 AM)
Thanks for the idea. Maybe i will finally have to open an bank and brokerage account in SG.
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Which brokers are you with now? You didn't use IB all the while?
SUSTOS
post Nov 3 2021, 11:29 AM

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QUOTE(prophetjul @ Nov 3 2021, 11:23 AM)
No. I did not use IB. I use local broker. Kenanga Inv Bank. 
Reason: I am old man. There is the matter of probate in case i leave.  laugh.gif 
Easier if i maintain a Malaysian broker.
*
So your brokerage fees are higher then?
SUSTOS
post Nov 3 2021, 12:10 PM

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QUOTE(mytrader @ Nov 3 2021, 12:04 PM)
You could explore Tiger brokers in SG + CIMB SG bank account . All can be open remotely/online . Would be a better to keep an option to retain the div. in SG and re-invest with it.
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He is afraid of probate issues that's why he keep his assets under his name from a local broker, to simplify things.
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