Hi, I am new in this group.. I did read news quite sometimes that sime derby got land in wangsa maju n authorize CMMT to manage shopping complex for them once construction completed.. Anybody got updated info?
Tax Expense Pursuant to the amendment of Section 61A of the Income Tax Act, 1967, effective from the Year of Assessment 2007, the total income of a REIT for a year of assessment will be exempted from income tax provided that the REIT distributes 90.0% or more of its total income for that year of assessment. If the REIT is unable to meet the 90.0% distribution criterion, the entire taxable income of the REIT for the year would be subject to income tax.
As CMMT intends to distribute at least 90.0% of its distributable income for the financial year ending 31 December 2014 to its unitholders, no provision for tax has been made for the current quarter.
As the reit started to move from Sunreit then IGBReit, today just accumulated some lots at rm1.42 this morning. Due to market is still unstable, CMMT is quite a good consideration as it provides at least 5%++ and present price is on average level.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Superb99
6,611 posts
Posted by Superb99 > 2014-03-04 23:55 | Report Abuse
may be EPF is attracted by its good dividend yield