Nope
Apply to Reits n UT

Hampalang sapu?

I don't think that is true. I think it should apply to all brokerage charges / trustee fees / clearance fees for all stock purchases. Note the following in the FAQ:

This post has been edited by wankongyew: Feb 7 2014, 10:46 AM

Guess this year will be a bull run then

Willian meant that REIT Manager's fees will kena GST

Brokerage u buy what also will kena GST

Is IGB REIT a good buy at RM1.2 per share?
3.61cent per share
Dividend yield 5.87%? ( Previous Div 3.43cent)
Am I right?

This post has been edited by woonsc: Feb 7 2014, 12:59 PM

3.61 is gross...3.5X is taxable at 10%...so u getting

3.5X x 90% + 0.0X sen

"oh no~" if this is true that buy shares also subject to GST.
Does this apply to Nominees account? I hope no~

The draft guide from Custom mentioned Reits ony
Other than reits, need to wait for guideline on investment bank/stock broker industry

tax on the reit value? sound expensive

It is commission brokerage subjected to GST, not share subjected to GST.

You buy share value at Rm10,000, GST won't be imposed on RM10,000
but on commission of Rm42 (assume 0.42%) being charged GST 6%, RM2.52.

Manager fee is subjected to GST, means if reit NAV is RM500 million, and reit manager charges 1% of annual management fee, means RM5 million of the fee is subjected to GST 6%, aka Rm30k.

It is not tax on reit value, but any form of service charges are subjected to GST, (except those listed as exempted)

So if the manager fee is 1%, after charging GST, it become 1.06%.
Just like you go to restaurant, the price of menu stated RM50, but when you pay the bill time, the bill is RM53 (after 6% tax)

Just like brokerage commission being charged GST.
Commission of UT agent being charged GST
Electricity tariff being charged GST.
Basically, any commission, consultation fee on service provided is subjected to GST, unless stated otherwise as exempted.

But reit can use the GST charges to claim as input credit of GST, that for supply rental.

The GST is really covering vast area.

This post has been edited by cherroy: Feb 9 2014, 05:30 PM

Bot some Ytlreit @ 0.995 today

any reason why u buy it?

High yield of 7% pa (min)

Axis flies

BNM unlikely to raise rates
http://www.theedgemalaysia.com/business-ne...rt-ringgit.html

I thinking of disposing my ALAQAR - in exchange for something else....

Wat is d current yield?