Yup. I have no choice but to sell all our holdings. The whole reason behind holding embassy was the tax efficiency. In reality at current prices its just about rs 2.5 being lost per share to tax but the overall reason for investing in reits is now gone for me. Need to look for a new investment to give me quarterly cash flows.
That being said… if this is enforced from FY25 they have a whole year to restructure payout and maybe bring it up to 60 percent tax free from the expected 50 percent. By FY25 payout should be rs. 24.5 or so… which means around rs. 3 to 4 will be lost from tax giving a tax free payout similar to this year so im still considering holding (as long as it isnt a typo and its wrt FY24 and not FY25)
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