Rule change could bring large rewards
Series: Financial Times ; 8 June 2001, 37(2)Publication details: 2001Subject(s): Summary: The United States Internal Revenue Service has issued a ruling which may lead to corporations gaining tax advantages from their real estate portfolios. Real Estate Investment Funds had originally been set up as passive vehicles enabling retail investors to invest in property and obtain the same tax benefits as those who could afford to buy property outright. This latest ruling could reverse a 28-year old rule, leading to corporations selling off property and gaining tax advantages at the same time.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3723-09 (Browse shelf(Opens below)) | 1 | Available | 113045-1001 |
The United States Internal Revenue Service has issued a ruling which may lead to corporations gaining tax advantages from their real estate portfolios. Real Estate Investment Funds had originally been set up as passive vehicles enabling retail investors to invest in property and obtain the same tax benefits as those who could afford to buy property outright. This latest ruling could reverse a 28-year old rule, leading to corporations selling off property and gaining tax advantages at the same time.