Internalisation Update – IRD Binding Ruling

24/03/2026 11:31 NZDT, GENERAL

Vital Healthcare Property Trust (Vital) is pleased to announce that it has received a binding ruling from Inland Revenue confirming that the $214m internalisation payment is fully deductible for income tax purposes.

This outcome is consistent with the assumptions underlying Vital’s internalisation announcement of 10 November 2025.

As a result of the ruling, Vital currently expects that distributions for at least the next three years will be excluded income to investors, reflecting the trust’s tax position following internalisation.

– ENDS –

ENQUIRIES

Chris Adams

Chief Executive Officer,

Vital Healthcare Properties Management Limited

Tel +61 408 665 332, Email chris.adams@vhpt.co.nz

Michael Groth

Chief Financial Officer,

Vital Healthcare Properties Management Limited

Tel +61 409 936 104, Email michael.groth@vhpt.co.nz

Attachments

  1. Internalisation Update – IRD Binding Ruling