KKR Real Estate Finance Trust Inc. Updated Tax Treatment of 2020 Dividends

Press release content from Business Wire. The AP news staff was not involved in its creation.

NEW YORK–(BUSINESS WIRE)–Feb 3, 2021–

KKR Real Estate Finance Trust Inc. (NYSE: KREF) (the “Company” or “KREF”) today announced an update to the tax treatment of its 2020 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2020:











Tax Treatment of 2020 Dividends
 

Record Date

 

Payment Date

 

Cash Disbursement

 

Adjustment

 

Dividend (1)

 

Ordinary Dividends (2)

 

Qualified Dividends

 

Capital Gain Dividends

 
December 31, 2019 January 15, 2020

$0.43

($0.32)

$0.11

$0.1125

$0.0009

$0.0000

March 31, 2020 April 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

June 30, 2020 July 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

September 30, 2020 October 15, 2020

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

December 31, 2020 January 15, 2021

$0.43

$0.00

$0.43

$0.4300

$0.0033

$0.0000

$2.15

($0.32)

$1.83

$1.8325

$0.0141

$0.0000

(1)

Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2021 with a record date of December 31, 2020 are treated as received by shareholders on December

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Real estate sector keen on infrastructure status, tax incentives for home buyers in union budget



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© Provided by Zee Business


The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps which will help in completion of pending projects and sale of build-up houses.

The sector has also been demanding infrastructure status. Apart from the sector suffering a sharp dip in sales due to COVID-19, there was also exodus of migrant labourers from cities which impacted execution of projects.

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Developers said construction work had not picked up projects due to liquidity crisis.

Navin Raheja, Chairman, Raheja Developers, said the real estate sector is the driver of the economy and a boost to the sector will have trickle-down impact.

“People on average invest their one-third of their savings in real estate. The real estate sector is largely suffering due to over-regulation and incomplete projects that has led to delays and defaults. Though the government has put the system online, developers still need to approach 50 departments for approvals. This needs to be taken care of. There should be restructuring of the past loans to complete the projects,” he said.

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Real estate sector keen on infrastructure status, tax incentives for home buyers



a large lawn in front of a house


© Provided by Zee News


New Delhi: The real estate sector, which took a hard hit due to COVID-19, is pinning hopes on the union budget to be presented on Monday for easing regulatory norms and for steps which will help in completion of pending projects and sale of build-up houses.

The sector has also been demanding infrastructure status. Apart from the sector suffering a sharp dip in sales due to COVID-19, there was also exodus of migrant labourers from cities which impacted execution of projects.

Developers said construction work had not picked up projects due to liquidity crisis. Navin Raheja, Chairman, Raheja Developers, said the real estate sector is the driver of the economy and a boost to the sector will have trickle-down impact. “People on average invest their one-third of their savings in real estate. The real estate sector is largely suffering due to over-regulation and incomplete projects that has led to delays and defaults. Though the government has put the system online, developers still need to approach 50 departments for approvals. This needs to be taken care of. There should be restructuring of the past loans to complete the projects,” he said.

R K Arora, Chairman Supertech

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Real estate sector seeks input tax credit on development of leased commercial properties

In its Budget recommendation for the 2021-22 fiscal year, industry body CII has demanded that Section 16 read with Section 17(5) of the CGST Act should be amended to enable the real estate players to avail ITC (input tax credit) on procurement of goods and services during the construction phase where the said immovable property is intended for commercial leasing or renting.

The denial of ITC, leads to blockage of funds for a real estate player, it said.

“In case of commercial leasing of properties and outlets at malls, the renting of such premises attracts 18{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} which is available as credit to the client. Disallowance of credit during the construction phase leads to the increased cost of construction, working capital loss, increased financing costs impacting the entire supply chain,” CII said.

Tata Realty & Infrastructure Ltd MD & CEO Sanjay Dutt mentioned that as per current GST provisions, input GST credit during the construction phase (for commercial properties) is not available for set-off against output GST liability from earning of rental income.

“In other words, the GST charged on input services (like procurement of cement, steel, works contract services, etc) is required to be capitalised to the cost of construction.

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Understanding Capital Gains Tax on a Real Estate Investment Property

Owning real estate produces steady income for investors, but the sale of residential and business properties can generate a large tax bill because of capital gains.



a group of people sitting at a table using a laptop: Shot of a mature couple going over their finances at home


© (Getty Images)
Shot of a mature couple going over their finances at home

Investors should understand the various factors that can help them mitigate and potentially defer paying capital gains tax from selling real estate properties.

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Rental property owners will benefit from lower ordinary income tax rates and other favorable changes to the tax brackets for 2018 through 2025, says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin.

Changes in tax laws have resulted in more complications, and owners of rental properties should invest more time and resources on tax planning, says Sarah Hallock, a tax senior manager for New York-based tax and accounting firm EisnerAmper.

“Recent legislation has granted some benefits to real estate investors, such as the potential tax savings from the 20{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} deduction for qualified business income and the immediate write-off for qualified improvements,” she says.

On the other hand, the limitation on business interest expense deductions has had a significant negative impact on leveraged rental activities, Hallock says.

“The Coronavirus Aid, Relief, and Economic

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Apollo Commercial Real Estate Finance, Inc. Announces 2020 Dividend Income Tax Treatment

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Jan 27, 2021 (GLOBE NEWSWIRE via COMTEX) —
NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the estimated federal income tax treatment of the Company’s 2020 distributions on its common stock (CUSIP #03762U105) and on its 8.00{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock.

The federal income tax classification of the 2020 distributions on the Company’s common stock as it is expected to be reported on Form 1099-DIV is set forth in the following table:

Record Date Payable Date Total Distribution Per Share Ordinary Income Per Share (2) Return of Capital Per Share Capital Gain Per Share
12/31/2019 01/15/2020 $0.46 $0.1816 $0.2784
03/31/2020 04/15/2020 $0.40 $0.1579 $0.2421
06/30/2020 07/15/2020 $0.35 $0.1382 $0.2118
09/30/2020 10/15/2020 $0.35 $0.1382 $0.2118
12/31/2020(1) 01/15/2021 $0.35

(1) Pursuant to Section 857(b)(9) of the Internal Revenue Code of 1986, as amended, cash distributions made on January 15, 2021 to stockholders of record as of December 31, 2020, are treated, to the extent of the Company’s 2020 tax earnings and

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Govt needs to relax tax provisions in FY22 Budget to give fillip to housing



a tall building in a city: Given the liquidity issues in the sector, landowners have been entering in collaboration agreements.


© Provided by The Financial Express
Given the liquidity issues in the sector, landowners have been entering in collaboration agreements.

By Gaurav Karnik

As the pandemic engulfed the Indian economy in the early part of 2020, there was a severe impact on the housing sector. Since the lifting of the lockdown, there have been few green shoots in the residential segment. These have been facilitated by cuts in stamp duty rates by states, such as Maharashtra, and interest rates for housing being at historic lows. Keeping the government’s stated objective of Housing for All by 2022, a sub-segment that has and will need attention in the forthcoming budget is affordable housing. In this connection, it is suggested that the last date for availing the Pradhan Mantri Awas Yojana (PMAY) Credit-Linked Subsidy Scheme (CLSS) both for the MIG-I and MIG-II categories be extended to March 31, 2022, as is the case with the scheme for LIG/ EWS category.

The period for availing the additional deduction of up to Rs 1.5 lakh for interest paid on loans borrowed for the purchase of an affordable house valued up to Rs 45 lakh, should be extended to March 31, 2022, and, at the same

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India’s co-working sector wants recognition under real estate, tax benefits as flexible workspaces aim for a significant revival in the post-COVID era

  • India’s burgeoning co-working space was almost handed a death certificate at the beginning of the COVID-19 pandemic. But as companies are now looking at flexible work options for their employees, co-working spaces in India have a chance at a bright future again.
  • And to turn the tides in their favour, the sector has a list of demands from the government with the upcoming Budget 2021.
  • At the top of their list of requirements is their need to be recognised within the real estate sector.

With 2020 becoming the year of ‘work from home’ becoming the new norm, commercial real estate and office spaces took a significant hit. And among them also lies India’s burgeoning co-working space, which was almost handed a death certificate at the beginning of the COVID-19 pandemic. However, as companies look to realign in the post pandemic era with flexible work options for their employees, India’s co-working spaces have a chance at rebuilding a bright future again.

“As companies look to resume business, redesigning and restructuring of existing real estate will pose yet another challenge; however, coworking spaces will be able to respond to design changes required post-COVID-19 quicker and more efficiently than traditional office spaces,” said

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