A Tax Primer on Real Estate Investment Trusts

• Overview
• OnDemand Credit

Overview
More than $375 billion are invested in approximately 180 publicly traded real estate investment trusts (or REITs). In addition, billions more are invested in privately held REITs. This OnDemand webinar will provide an introductory summary of the tax requirements REITs face in their formation and ongoing operations. You will develop a basic understanding of REITs through this program. The OnDemand webinar will cover the basic organizational requirements REITs face, the ongoing asset and income tests REITs must meet, how REITs operate while maintaining tax compliance, and UPREIT and DOWNREIT structures.

Authors
James W.C. Canup, Troutman Sanders LLP

Self Study Credit - OnDemand Webinar

Agenda

1. Organizational Requirements
1. Status
2. Management
3. Shares
4. Shareholders
5. Closely Held Prohibition
2. Asset Tests
1. 75 Percent Test
2. 20 Percent Test
3. 5 Percent Test
4. 10 Percent Test
5. Safe Harbors
3. Income Tests
1. 75 Percent Test
2. 95 Percent Test
3. Rents From Real Property
4. Interest
5. Safe Harbors
4. Qualified REIT and Taxable REIT Subsidiaries
5. Distributions
1. 90 Percent Test
2. Year-End and Subsequent Year Dividends
6. Taxation
1. Real Estate Investment Trust Taxable Income
2. Capital Gains
3. Dividends Paid Deduction
4. Foreclosure Property
5. Prohibited Transactions
7. UPREITS and DOWNREITS
8. Questions and Answers