Country Structure Activity restrictions Asset requirement Income requirement Distribution requirement Taxation Singapore Unit Trusts. Real estate (not vacant 75% of assets must be No more than 10% of Must distribute 90% of taxable Undistributed income trustee — land or property income producing real revenue can be from income to be tax transparent. taxed at corporate tax rate Listed. development). estate. sources other than rent and (currently 17%). 25% units must be passive income from Limited financial Distributed to corporate at — held by a minimum financial securities. securities. corporate tax rate (currently of 500 public unit 17%). holders. Distributed to individuals generally taxexempt. Withholding tax for nonresidents 10% to nonindividuals, 17% to — others.
Country Structure Activity restrictions Asset requirement Income requirement Distribution requirement Taxation Singapore Unit Trusts. Listed. 25% units must be held by a minimum of 500 public unit holders. Real estate (not vacant land or property development). Limited financial securities. 75% of assets must be income producing real estate. No more than 10% of revenue can be from sources other than rent and passive income from financial securities. Must distribute 90% of taxable income to be tax transparent. Undistributed income — trustee taxed at corporate tax rate (currently 17%). Distributed to corporate — at corporate tax rate (currently 17%). Distributed to individuals generally taxexempt. Withholding tax for nonresidents — 10% to nonindividuals, 17% to others.
C2017-009_Stapled_Structures.docx