Correction to Tax Regulations on Transfers to RICs and REITs

Summary

The IRS has corrected final and temporary regulations regarding the transfer of property to Regulated Investment Companies (RICs) and Real Estate Investment Trusts (REITs), aiming to prevent tax abuse and align with the Tax Reform Act of 1986 and the Protecting Americans from Tax Hikes Act of 2015.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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