KEPPEL Land and Keppel Reit (real estate investment trust) said on Thursday that they will fully pass on the property tax rebate to their office tenants to support them during the Covid-19 outbreak. Read more at The Business Times.
KEPPEL Land and Keppel Reit said on Thursday that they will fully pass on the property tax rebate to their office tenants to support them during the Covid-19 outbreak.
Their tenants include offices in Keppel Land’s Keppel Bay Tower, as well as those in Keppel Reit’s Ocean Financial Centre, Marina Bay Financial Centre and One Raffles Quay. The Reit owns a 79.9 per cent interest in Ocean Financial Centre, and a one-third stake for both Marina Bay Financial Centre and One Raffles Quay.
In both Budget 2020 and the recent Resilience Budget, the government had announced a property tax rebate of up to 100 per cent for non-residential properties, for the tax payable in 2020. New legislation to be introduced in Parliament next week may soon make it compulsory for property owners to pass the government-granted property tax rebates on to tenants,Keppel Land and Keppel Reit also said in their joint statement that for their retail tenants in Singapore, they would fully pass on the property tax rebate savings in April and May. An additional 30 per cent of rental rebates will also be provided to eligible retail tenants.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: S'pore confirms 49 more cases and 3 new clusters including Mustafa Centre, Keppel ShipyardSINGAPORE — The Ministry of Health (MOH) identified on Thursday (2 April) 49 more coronavirus cases and three more clusters here, bringing the country’s total to 1,049.
Read more »
49 new coronavirus cases in S'pore; 3 new clusters at Mustafa Centre, Maxwell station worksite and Keppel Shipyard41 are local cases and eight are imported. This brings the total number of confirmed cases to 1,049.. Read more at straitstimes.com.
Read more »
Government to introduce legislation to make landlords pass on property tax rebates to tenants 'in full'SINGAPORE: The Government will introduce new legislation when Parliament sits next week to require non-residential landlords to pass on property ...
Read more »
Landlords will be required to fully pass on property tax rebates to their tenants under proposed new law: MOFSINGAPORE — New laws will be introduced to make it mandatory for landlords to pass on property tax rebates to their tenants, the Ministry of Finance (MOF) said in a statement on Thursday (April 2).
Read more »
Daily Debrief: What Happened TodaySingapore plans new law to ensure landlords pass property tax rebates on to tenants, business optimism among Singapore SMEs lowest since 2009 at
Read more »
Legislative action may be taken to make sure landlords pass on rebates to tenants, says DPM HengSINGAPORE: The Government is prepared to take legislative action when necessary to ensure that the property tax rebates granted to commercial ...
Read more »