Reporting & audit
What you receive, and when
Reports go to your email address and, at your written request, to a family member or adviser. On request they are provided on paper and in large print.
Clause 5.1
Reporting schedule
| Report | Contents | When |
|---|---|---|
| Quarterly property report | Properties in the portfolio with location, main tenant and latest valuation; rent received, expenses, occupancy, recurring charges, net income and distributions paid | Within 45 days of each quarter-end |
| Annual report | Accounts of the holding entity audited by an independent auditor, and an updated independent valuation | Within 120 days of year-end |
| Allocation Certificate | Your updated percentage of economic rights | Within 14 business days of each allocation |
| Annual tax statement | Income paid to you and tax withheld | By 31 March each year |
| Immediate notice | Any material event, such as loss of a major tenant, damage to a property, legal proceedings, change of control of the company or suspension of distributions | Within 10 business days |
Clause 5.4
External auditor
The accounts of the holding entity are audited by Baker Tilly Merali Audit.
Clause 6.2
Professional indemnity insurance
At least USD 1,000,000 throughout the term, policy no. PI-2026-AXQ.
Clause 5.3
Right to inspect
You, or your accountant or lawyer, may inspect title documents, main leases and the books once a year on 14 days’ notice. Land registry details of each property are available on request.
Clause 2.5
Your own tax reporting
AXIONIQ does not give tax advice. You report income and holdings to the tax authorities of your country of residence, using the annual tax statement.