On or about 21 October 2019, the Inland Revenue Board of Singapore (IRAS) has published the fifth edition of the e-Tax Guide on Income Tax Treatment of Real Estate Investment Trusts and Approved Sub-Trusts. It replaces the fourth edition published on 11 July 2019.
The update inserted footnote 20 to paragraph 8.1 to make clear that treatment described in Section 8 does not apply to the distributions received by security holders of hybrid securities issued by a REIT that are regarded as equity instruments for tax purposes and updated the numbering of the footnotes.
Source: IRAS website, 21 October 2019