| Taxation Conditions | Where there is any Singapore income tax and associated penalties and interest which may be suffered by the Trustee-Manager, arising from AGT prior years tax matters or the Tax Ruling as mentioned above, AGT distributions may be reduced. The Second Tranche Special Distribution will not be subject to further Singapore income tax in the hands of all Unitholders. The Second Tranche Special Distribution is also not subject to Singapore withholding tax. Unitholders are not entitled to tax credits for any taxes paid by the Trustee-Manager, on the income of AGT against their Singapore income tax liability. Please refer to Second Tranche Special Distribution to Unitholders of Accordia Golf Trust dated 12 November 2020 for further details. |