Hi, This query relates to the South Africa UK double taxation treaty - According to the treaty (article 10)2(b), dividends taxation by a South African REIT is limited to 15%. According to "DT17353 - Double Taxation Relief Manual: Guidance by country: South Africa: Dividends" published by HMRC - Currently, there are no such investment companies in South Africa. My understanding is thus that the maximum taxable rate for such dividends from South Africa is 10% Guidance by my South African broker and confirmed by SARS (the South African tax authority) is that the rate is indeed 15%, this would contradict HMRC guidance found at https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt17353 The apparent contradiction between the DTA and guidance stems from South Africa having a very active REIT market and DT17353 implying that there are no property investment companies in South Africa, are you able to reference publications that make it explicit that South African REIT's are not, at this time, considered to be property investment companies?. If not, could you provide clarification on the present status as this is critical to the proper completion of my self-assessment. Many Thanks,