This printed article is located at

Foreign Non-Individuals

Foreign Non-Individuals or Exempt Non-corporate Unitholders Holding Ascott Residence Trust (“Ascott Reit”) Units In Own Name

Which Distributions Are Eligible For Refund?

In the case of beneficial owners who are foreign non-individuals, the tax refund applies to distributions paid or to be paid within the period from February 2005 to 31 March 2020. The distributions are subject to the time limit below.

Time limit for claim of refund

Every claim of refund must be made to IRAS within 4 years from the end of the year of assessment to which the claim relates. For example, for claim of refund in respect of distribution made by Ascott Reit for the period from 1 January 2010 to 30 June 2010 and 1 July 2010 to 31 December 2010 (which relates to the year of assessment 2011), the claim must be submitted to the IRAS on or before 31 December 2015. Unitholders and the Depository Agents must ensure that the relevant Forms are submitted on a timely basis to allow the Trustee of Ascott Reit to make the refund claim within the prescribed time limit. The IRAS will not process any claim that is out of time.

How To Make A Claim?

  • Download and complete Form R1 below. Use a separate Form R1 for each income distribution period.

  • Submit the duly completed Form R1, accompanied by the Subsidiary Income Tax Certificate ("SITC") or the Annual Dividend Statement ("ADS") issued by the Central Depository (Pte) Ltd for the distribution in respect of which the claim for refund is made to:

    Boardroom Corporate & Advisory Services Pte Ltd
    50 Raffles Place
    #32-01 Singapore Land Tower
    Singapore 048623

When Do We Submit Form R1?

  • You may submit the Form and accompanying SITC or ADS to Boardroom Corporate & Advisory Services Pte Ltd at any time.

  • The Trustee of Ascott Reit will collate the claims for refund submitted by Unitholders and make a claim for refund to the Inland Revenue Authority of Singapore ("IRAS") on a half-yearly basis. For example, all Forms received during the period ending 31 December of the year will be submitted to IRAS sometime in January/ February of the following year.

Will An Amended Tax Certificate Be Issued For The Refund?

Ascott Residence Trust Management Limited will issue a letter together with the cheque for the refund amount to the Unitholders. This letter will serve as evidence that the tax refunds have been made.

When Will We Receive The Tax Refund?

The tax refund will be paid out to eligible investors upon receipt of the tax refund from IRAS by the Trustee of Ascott Reit.

Click here to download Form R1.