CapitaLand Ascott Trust said on Nov, 18 2025 that the Inland Revenue Authority of Singapore has ruled its 260 million Singapore dollars 4.20 % subordinated perpetual securities, issued on May, 21 2025 under a 2.0 billion Singapore dollars multicurrency debt issuance programme, qualify as “debt securities” for tax purposes.

The ruling means distributions on the securities will be treated as interest and the instruments should be regarded as qualifying debt securities, giving holders access to related tax concessions, provided all regulatory conditions are met.

The trust advised investors to seek their own tax advice regarding the implications of the ruling.