Clauses of the Real Estate Securitization Act Article 50

The trust interest of Beneficial Securities publicly offered or privately placed pursuant to this Act shall be distributed annually.The distributed trust interest as prescribed in the preceding paragraph shall be the beneficiaries’ income and subject to the income tax on interest, and shall not be counted into the corporate income of the Trustee.When distributing the interest as referred to in paragraph 1 hereof, the Trustee shall withhold the income tax in accordance with the applicable withholding rate, and such interest shall be separately taxed and will not be consolidated into the gross personal income or gross corporate income of the beneficiaries.