18Aug
IRS Issues REIT-Favorable Ruling for Taxable REIT Subsidiary in Private Equity International Healthcare Acquisition
The Internal Revenue Service (IRS) ruled that a taxable real estate investment trust (REIT) subsidiary would not be considered to be operating or managing certain senior living and healthcare facilities located outside the United States. The ruling demonstrates that with appropriate tax planning a REIT can indeed obtain a majority stake through a taxable REIT subsidiary of foreign hospitals, healthcare facilities and senior living facilities......
By:
McDermott Will & Emery
Source Url: https://www.jdsupra.com/legalnews/irs-issues-reit-favorable-ruling-for-32050/
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