+917292009966 +917292006699 Whatsapp
Tasha Realty
 
 

News: Thailand approves tax break for real estate investment trusts-11-05-2022

https://realty.economictimes.indiatimes.com/news/industry/thailand-approves-tax-break-for-real-estate-investment-trusts/91496293

Real estate investment trusts or REITs buybacks will be exempt from tax and are expected to generate reinvestment of about 30 billion baht ($868.06 million) in the industry, said a government spokeswoman, Traisulee Traisoranakul.

BANGKOK: Thailand on Tuesday approved a tax break for real estate investment trusts to boost liquidity for operators hit by the pandemic, a senior official said. Real estate investment trusts or REITs buybacks will be exempt from tax and are expected to generate reinvestment of about 30 billion baht ($868.06 million) in the industry, said a government spokeswoman, Traisulee Traisoranakul.

The government will lose about 10.4 billion baht in tax revenue and fees, she said.

The property sector, which contributed about 6% of GDP in 2019, slowed due to the pandemic and began recovering this year.

So far, eight REITs have expressed interest in the new tax breaks including trusts in hotels and amusement parks, said Traisulee.

Back

Tasha Realty Solutions

Properties and Plots

Projects and Floors

Connect With us

 

DISCLAIMER: This website and the Information contained is in the process of being updated and the contents are under review/revision in terms of the Real Estate Regulation Act, 2016 and Rules there under (RERA), and will be reviewed from time to time. Till the time that the contents are fully updated, the same shall neither be construed to be any kind of advertisement, solicitation, marketing, Booking, offer for sale, invitation to offer within the purview of RERA and shall have no binding effect on the Company and nor constitute any offer and/or acceptance and/or contract and/or agreement and/or transaction and/or any intention thereof and/or a disclosure under any statute of any nature whatsoever. Please call to check the updated pricing, status etc. The photographs contained herein may be actual/stock/standard photography or rendered images used for the purpose and have been taken at a location other than the project site and are used to indicate a conceptual lifestyle. Actual product may vary/differ from what is indicated herein. The location info shown are indicative and selective representation of certain elements present/that may be present in and around the city/project site. No representations are made regarding existence/continuity of existence of any landmarks/locations shown. The landmarks/locations may be subject to change from time to time and such changes are completely outside our control. No representation or warranty is made or intended as to the accuracy or completeness of information under this website or as to its suitability or adequacy for any purpose. Before making a decision to purchase, you are requested to independently, either directly or through your legal/financial consultants, thoroughly verify all details/documents pertaining to the respective project as available on the respective RERA sites.The Company is not liable for any consequence of any action taken by the viewer relying only on such material/ information that is presently displayed on this website.