IRS allows real estate spin-offs

Series: Financial Times ; 7 June 2001, 32(1)Publication details: 2001Subject(s):

Summary: The Internal Revenue Service (IRS) has revoked a 1973 interpretation of the original Reit legislation barring Reits that are exempt from corporation tax from entering in any active businesses. This means US corporations may be able to benefit by spinning off their property portfolios into tax-exempt REITs.

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Item type	Current library	Call number	Copy number	Status	Barcode
News article	London News article	WB3722-05 (Browse shelf(Opens below))	1	Available	112999-1001

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Previous	WB3722-02 BuildOnline takes on rival iScraper	WB3722-03 JCT domestic subcontract	WB3722-04 CITB plan back on track for training levy	WB3722-05 IRS allows real estate spin-offs	WB3722-06 Service sector hit by FMD effects	WB3722-07 Benchmarks, bouquets and brickbats	WB3722-08 High-rise house prices totter	Next

The Internal Revenue Service (IRS) has revoked a 1973 interpretation of the original Reit legislation barring Reits that are exempt from corporation tax from entering in any active businesses. This means US corporations may be able to benefit by spinning off their property portfolios into tax-exempt REITs.

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