Taxation of Real Estate Investment Trusts (REITs) in the United States and of their German Shareholders PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Taxation of Real Estate Investment Trusts (REITs) in the United States and of their German Shareholders PDF full book. Access full book title Taxation of Real Estate Investment Trusts (REITs) in the United States and of their German Shareholders by Katja Schlemmbach. Download full books in PDF and EPUB format.
Author: Katja Schlemmbach
Publisher: GRIN Verlag
ISBN: 3869436492
Category : Business & Economics
Languages : en
Pages : 102
Get Book Here
Book Description
Bachelor Thesis from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 1.3, Wiesbaden University of Applied Sciences, language: English, abstract: Die Arbeit beschäftigt sich mit den besonderen Vorschriften des US-Steuerrechts für REITs. Außerdem werden das deutsch-amerikanische DBA und Provisionen des dt. Steuerrechts für Anleger des US-REITs betrachtet. - This thesis treats the provisions of the US tax lax concerning REITs and the provisions of the DTA and the US and the german tax law regarding the shareholders of those REITs.
Author: Katja Schlemmbach
Publisher: GRIN Verlag
ISBN: 3869436492
Category : Business & Economics
Languages : en
Pages : 102
Get Book Here
Book Description
Bachelor Thesis from the year 2008 in the subject Business economics - Accounting and Taxes, grade: 1.3, Wiesbaden University of Applied Sciences, language: English, abstract: Die Arbeit beschäftigt sich mit den besonderen Vorschriften des US-Steuerrechts für REITs. Außerdem werden das deutsch-amerikanische DBA und Provisionen des dt. Steuerrechts für Anleger des US-REITs betrachtet. - This thesis treats the provisions of the US tax lax concerning REITs and the provisions of the DTA and the US and the german tax law regarding the shareholders of those REITs.
Author: James M Lowy
Publisher:
ISBN: 9780808055198
Category :
Languages : en
Pages :
Get Book Here
Book Description
The use of Real Estate Investment Trusts ("REITs") has transformed the ownership and operation of real estate in the United States. There are approximately two hundred exchange-listed REITs, fifty non-listed public REITs and a much larger number of privately-held REITs. Taxation of Real Estate Investment Trusts provides an exhaustive analysis of the complex tax rules that govern the organization and operation of the REIT vehicle, addresses cutting edge structuring techniques and planning ideas, considers the tax treatment of REIT shareholders, including pension trusts, foreign investors and foreign governments, and summarizes the evolution of the REIT rules since their enactment in 1960. In addition to other guidance, the large body of private letter rulings issued by the IRS with respect to REIT issues is described. Because many REITs own property through partnerships in a structure often referred to as an "UPREIT," pertinent partnership tax issues are discussed in detail, including various structuring techniques utilizing partnerships.
Author: James M Lowy
Publisher:
ISBN: 9780808052999
Category :
Languages : en
Pages :
Get Book Here
Book Description
The use of real estate investment trusts ("REITs") has transformed the ownership and operation of real estate in the United States. There are approximately two hundred exchange-listed REITs, fifty non-listed public REITs and a much larger number of privately-held REITs. Taxation of Real Estate Investment Trusts provides an exhaustive analysis of the complex tax rules that govern the organization and operation of the REIT vehicle, addresses cutting edge structuring techniques and planning ideas, considers the tax treatment of REIT shareholders, including pension trusts, foreign investors and foreign governments, and summarizes the evolution of the REIT rules since their enactment in 1960. In addition to other guidance, the large body of private letter rulings issued by the IRS with respect to REIT issues is described. Because many REITs own property through partnerships in a structure often referred to as an "UPREIT," pertinent partnership tax issues are discussed in detail, including various structuring techniques utilizing partnerships.
Author: Felix Leuschner
Publisher: GRIN Verlag
ISBN: 3638446816
Category : Business & Economics
Languages : en
Pages : 59
Get Book Here
Book Description
Diploma Thesis from the year 2005 in the subject Business economics - Investment and Finance, grade: 1,3, Otto Beisheim School of Management Vallendar (WHU - Dresdner Bank Chair of Finance), language: English, abstract: A Real Estate Investment Trust (REIT) is a property stock that is taxed, not at the corporate but at the investor level, which can lead to tax advantages. The concept of REITs originated in the United States in 1960, allowing smaller investors access to large income-producing real estate, which facilitated the creation of a liquid asset class that has become a core part of institutional portfolio management. REITs have proven attractive to investors because: x Their returns have beaten most major equity benchmarks over three decades, with lower volatility x They have predictable cash flows and high dividend yields x They have a low correlation with other asset classes, aiding portfolio diversification As US-REITs proved successful, other countries have introduced similar property investment vehicles. The Netherlands started in 1969, followed by Australia (1985), Canada (1994), Belgium (1995), Japan (2000) Singapore (2002), Hong Kong (2003) and most recently France (2003). In Germany real estate has been the most popular investment theme of the past three years, despite its significant underperformance compared to European peers during the past 10 years, with open-end funds receiving almost all money inflows. The listed sector, however, is insignificant, both in terms of size and liquidity, and is in desperate need of a catalyst. The introduction of a G-REIT structure could potentially be the long-awaited saviour that could transfer the importance of German real estate into the listed sector. Given the significance of real estate in their respective markets, the German and UK governments are currently considering the introduction of REITs. Depending on the progress of the consultative and parliamentary process, REITs are expected to be enacted by legislation during 2006 in both countries. The REIT discussion in Germany has reached a serious stage, with all the mostinvolved parties seemingly agreed about the usefulness of a REIT structure. The purpose of this paper is to highlight the case for REITs in Germany, to analyse the progress of REITs in countries that have installed these structures, to consider the on-going debate in Germany and what these developments may eventually mean for the German real estate market.
Author: James M. Lowy
Publisher:
ISBN: 9780808050698
Category : Business & Economics
Languages : en
Pages : 0
Get Book Here
Book Description
The use of real estate investment trusts ("REITs") has transformed the ownership and operation of real estate in the United States. There are approximately two hundred exchange-listed REITs, fifty non-listed public REITs and a much larger number of privately-held REITs. Taxation of Real Estate Investment Trusts provides an exhaustive analysis of the complex tax rules that govern the organization and operation of the REIT vehicle, addresses cutting edge structuring techniques and planning ideas, considers the tax treatment of REIT shareholders, including pension trusts, foreign investors and foreign governments, and summarizes the evolution of the REIT rules since their enactment in 1960. In addition to other guidance, the large body of private letter rulings issued by the IRS with respect to REIT issues is described. Because many REITs own property through partnerships in a structure often referred to as an "UPREIT," pertinent partnership tax issues are discussed in detail, including various structuring techniques utilizing partnerships.
Author: Wolfgang Speckhahn
Publisher: Kluwer Law International B.V.
ISBN: 9041191100
Category : Law
Languages : en
Pages : 336
Get Book Here
Book Description
It is well known that investments in real estate provide relatively stable yields compared with stock market volatility, so it is not surprising that, with globalisation, investors have pursued such opportunities across borders, especially where foreign countries offer beneficial tax regimes. Nor it is surprising that states should fear erosion of their tax base in the presence of such investments. This groundbreaking book – the first in-depth comparative analysis of taxation of real estate investment trusts (REITs) in different European Union (EU) Member States – investigates the impact of EU law on direct taxation in the case of REITs, and whether EU policies in this area have led national legislators to adjust their REIT regimes. Presenting detailed case studies of three EU Member States – France (a well-established REIT regime), Bulgaria (a new accession state) and Spain (a recent REIT regime) – this book explores the idea of a harmonised EU REIT, and whether harmonisation among national REIT regimes may be possible. Among the issues and topics arising in the course of the presentation are the following: – ‘goodness of fit’ and adaptational soft pressure; – relevant case law from the European Court of Justice, including both tax and company law; – ‘REIT shopping’; – noncompliance of REIT regimes with EU law; and – criteria for the ‘misfit’ analysis of REIT regimes and potential infringements of EU law. The analysis ultimately documents conditions and circumstances for the creation of a harmonised ‘Euro-REIT’ by assessing the level of change on the area of direct taxation within the Member States which would be needed for such a creation to become reality, identifying common themes across different legal systems that could assist the harmonisation of laws. Throughout, a holistic view is taken, linking tax and company law with considerations of sovereignty, policy and culture. In its structured framework comparing REIT regimes, this incomparable study takes a giant step towards overcoming resistance to a common REIT taxation regime in the EU. As the first comparative study of REIT regimes to identify an emerging common understanding informed by European jurisprudence and Europeanisation policy and theory, it is sure to be welcomed by practitioners, academics and policymakers in European law and international taxation as well as European studies.
Author: Su Han Chan
Publisher: Financial Management Association Survey and Synthesis
ISBN: 9780195155341
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
This work provides the investing public, real estate practitioners, regulators and real estate and finance academics with up-to-date information on what modern scholarly research tells us about Real Estate Investment Trusts (REITs). REITs are credited to allow institutional and individual investors to invest in real estate via a corporate entity. The increasing interest in REITs as indicated by their growth in market capitalization and institutional holdings in the United States and around the world suggests that REITs are becoming an increasingly important part of investors' diversified portfolio.
Author: James M. Lowy
Publisher: Cch
ISBN: 9780808047346
Category : Business & Economics
Languages : en
Pages :
Get Book Here
Book Description
The use of real estate investment trusts (REITs) has transformed the ownership and operation of real estate in the United States. There are approximately two hundred exchange-listed REITs, fifty non-listed public REITs and a much larger number of privately-held REITs. Taxation of Real Estate Investment Trusts provides an exhaustive analysis of the complex tax rules that govern the organization and operation of the REIT vehicle, addresses cutting edge structuring techniques and planning ideas, considers the tax treatment of REIT shareholders, including pension trusts, foreign investors and foreign governments, and summarizes the evolution of the REIT rules since their enactment in 1960. In addition to other guidance, the large body of private letter rulings issued by the IRS with respect to REIT issues is described. Because many REITs own property through partnerships in a structure often referred to as an UPREIT, pertinent partnership tax issues are discussed in detail, including various structuring techniques utilizing partnerships.
Author: William A. Kelley
Publisher: ALI-ABA
ISBN: 9780831807894
Category : Business & Economics
Languages : en
Pages : 254
Get Book Here
Book Description
Author: Stefano Simontacchi
Publisher: Kluwer Law International B.V.
ISBN: 9403532017
Category : Law
Languages : en
Pages : 721
Get Book Here
Book Description
The global listed property sector has been characterized by a variety of noteworthy developments in recent times, the proliferation of real estate investment trust-type structures in countries around the world key among them. Despite an uncertain economic environment, REITs have proven their ability to promote institutional real estate investments in global financial markets. This highly practical book features a comprehensive analysis of both the legal and tax underpinnings of REIT-friendly legislation in a variety of the world’s most significant jurisdictions. With regard to the legal framework, the structure and functioning of a REIT is carefully investigated and explained. In terms of tax issues, the book focuses on such key issues as: REIT formation, operation and liquidation; mergers, acquisitions and dispositions; as well as planning for public and private REIT offerings and re-securitizations. REITs are inherently complex and their interplay with tax treaties further compounds the complexity. This highly accessible yet authoritative work is the perfect decision-making tool for any professional looking for perspective and guidance on the challenges and opportunities REITs engender.
