{"id":4531,"date":"2023-02-27T21:41:00","date_gmt":"2023-02-27T13:41:00","guid":{"rendered":"https:\/\/aprea.asia\/?post_type=knowledge-hub&#038;p=4531"},"modified":"2025-03-27T21:43:06","modified_gmt":"2025-03-27T13:43:06","slug":"india-budget-2023-impact-on-invits-resolut-partners","status":"publish","type":"knowledge-hub","link":"https:\/\/www.aprea.asia\/zh_hk\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/","title":{"rendered":"India Budget 2023: Impact on InvITs (Resolut Partners)"},"content":{"rendered":"<p class=\"\">Enough has been written about the impact of Budget 2023 on REITs and InvITs. Through this piece, Resolut Partners tries to succinctly capture the what, why, and what next of the proposed changes \u2013 keeping it germane mainly to global financial investors.<\/p>\n\n\n\n<p class=\"\">\u91cd\u9ede\u7e3d\u7d50\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\">Distributions out of repayment of debt principal could now be taxed as \u2018other income\u2019 \u2013 at odds with global standards<\/li>\n\n\n\n<li class=\"\">Distributions out of debt repayments through redemption of units not treated as \u2018income\u2019, but reduce cost of acquisition \u2013 InvIT \/ REIT Regulations do not permit redemption of units<\/li>\n\n\n\n<li class=\"\">Major impact on IRRs as distribution structure of most InvITs factored in distributions through debt repayments<\/li>\n\n\n\n<li class=\"\">Changes and policy ambiguity could thwart the growth of REITs \/ InvITs, which were just about seen as \u2018bond proxies\u2019<\/li>\n<\/ul>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":true},"kh_category":[30],"class_list":["post-4531","knowledge-hub","type-knowledge-hub","status-publish","hentry","kh_category-thought-leadership"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India Budget 2023: Impact on InvITs (Resolut Partners) - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/zh_hk\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/\" \/>\n<meta property=\"og:locale\" content=\"zh_HK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Budget 2023: Impact on InvITs (Resolut Partners) - Asia Pacific Real Assets Association\" \/>\n<meta property=\"og:description\" content=\"Enough has been written about the impact of Budget 2023 on REITs and InvITs. 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Key Takeaways:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.aprea.asia\/zh_hk\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Pacific Real Assets Association\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-27T13:43:06+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u9810\u8a08\u95b1\u8b80\u6642\u9593\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u5206\u9418\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/\",\"url\":\"https:\/\/www.aprea.asia\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/\",\"name\":\"India Budget 2023: Impact on InvITs (Resolut Partners) - Asia Pacific Real Assets Association\",\"isPartOf\":{\"@id\":\"https:\/\/www.aprea.asia\/#website\"},\"datePublished\":\"2023-02-27T13:41:00+00:00\",\"dateModified\":\"2025-03-27T13:43:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/#breadcrumb\"},\"inLanguage\":\"zh-HK\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.aprea.asia\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.aprea.asia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Knowledge Hub\",\"item\":\"https:\/\/www.aprea.asia\/knowledge-hub\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"India Budget 2023: Impact on InvITs (Resolut Partners)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.aprea.asia\/#website\",\"url\":\"https:\/\/www.aprea.asia\/\",\"name\":\"Asia Pacific Real Assets Association\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.aprea.asia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-HK\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India Budget 2023: Impact on InvITs (Resolut Partners) - Asia Pacific Real Assets Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.aprea.asia\/zh_hk\/knowledge-hub\/india-budget-2023-impact-on-invits-resolut-partners\/","og_locale":"zh_HK","og_type":"article","og_title":"India Budget 2023: Impact on InvITs (Resolut Partners) - Asia Pacific Real Assets Association","og_description":"Enough has been written about the impact of Budget 2023 on REITs and InvITs. 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