Proposed Class Exemption for Acquisition and Sale of REIT Shares by Individual Account Plans Sponsored by Trust REITS

Summary

The Internal Revenue Service (IRS) has proposed a class exemption allowing individual account plans sponsored by Trust REITS to acquire, hold, or sell publicly traded shares of beneficial interest in a real estate investment trust (REIT) without violating Employee Retirement Income Security Act of 1974 (ERISA) restrictions or paying certain taxes.