An Analysis of the Impact of Real Estate Investment Trusts Formed by Life Insurance Companies PDF Download

Author: Richard Joseph Keintz
Publisher:
ISBN:
Category : Life insurance trusts
Languages : en
Pages : 472

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Author: United States. Securities and Exchange Commission. Office of Economic Research
Publisher:
ISBN:
Category : Real estate investment trusts
Languages : en
Pages : 104

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Book Description

Author: United States. Securities and Exchange Commission. Office of Economic Research
Publisher:
ISBN:
Category : Real estate investment trusts
Languages : en
Pages : 85

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Book Description

Author: Stefano Simontacchi
Publisher: Kluwer Law International B.V.
ISBN: 9403546433
Category : Law
Languages : en
Pages : 693

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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 are 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; and 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.

Author: William A. Kelley
Publisher: ALI-ABA
ISBN: 9780831807894
Category : Business & Economics
Languages : en
Pages : 254

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Author: Willem Johannes Paulus Strauss
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Background: Worldwide the Real Estate Investment Trust (0́−REIT0́+) market has grown significantly over the past few years and is playing an increasingly significant role in the property sector. The existence of the REIT structures is directly dependent on the taxation regulation thereof. In terms of the Income Tax Act, 1962 (Act 58 of 1962) (hereinafter referred to as 0́−the Act0́+), a REIT can deduct from its income the amount of qualifying distributions made to the REITs shareholders. The REIT is required to distribute most of its profit as a qualifying distribution. If not, the REIT is taxed on the undistributed profit. A REIT is therefore treated partially as a conduit for income tax purposes. In South Africa the REIT structure is widely adopted with most of the listed property companies adopting this structure. Research into the effect of the taxation regulation on this sector is therefore critical to understand its efficiency and effect on society. Main purpose of study: To provide a systematised review of academic research on the taxation of real estate investment trusts published in highly rated academic journals. Method: Two databases were researched over the period 20070́32018 for peer reviewed articles published in an ABDC-rated journal that related to REITs and the taxation thereof. The identified articles were annotated and analysed in terms of the Taxonomy Framework included in Appendix B. Results: We found and analysed 32 articles. Most of the studies were performed with a United States perspective focussing mainly on the investors into the REIT structures as the main benefactor to the research performed. Most of the identified articles fell into either the legislative or financial management discipline. A key finding of the study was that only 18.75% of the identified articles directly related to the taxation regulation of REITs. Conclusions: As the existence of REITs is fully dependent on the taxation regulation therof, it is of critical importance that more research is required into this topic from a regulation perspective to establish the appropriateness of the current regulation in place as well as the appropriateness of the regulation for developing countries, and more specifically the South African environment.

Author: William Bryan Strange
Publisher:
ISBN:
Category :
Languages : en
Pages : 146

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Author: Stefano Simontacchi
Publisher:
ISBN: 9789041128461
Category : Law
Languages : en
Pages : 0

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Book Description
Guide to Global Real Estate Investment Trusts will feature a comprehensive analysis of both the legal and tax underpinnings of REIT-friendly legislation in the world's most significant national jurisdictions. With regard to the legal framework, the structure and functioning of a REIT will be thoroughly investigated. In particular, the issue of whether a REIT is a special vehicle regulated as such by national legislation or, instead, any company vehicle may qualify as a real estate investment fund so long as its activity is limited to effecting and managing real estate investments - whether they are direct or indirect - will be addressed. Issues such as the amount of indebtedness, types of investments permitted, and the like will be carefully examined. In regard to European jurisdictions, the implications of the directives impacting Undertakings for the Collective Investment of Transferable Securities will be accorded particular consideration. In terms of tax issues, the work will focus inter alia on REIT formation, operation and liquidation; mergers, acquisitions and dispositions; as well as planning for public and private REIT offerings and re-securitizations.

Author: United States. Congress. House. Committee on Government Reform. Subcommittee on the Federal Workforce and Agency Organization
Publisher: Amicus
ISBN:
Category : Law
Languages : en
Pages : 160

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Book Description
Sports and Leisure Careers, describes jobs in the sports and leisure industry. Includes information on professional athletes, coaches, fitness center directors, outdoor adventure guides, and more, covering their responsibilities and training needed. Additionally, this title features a table of contents, glossary, index, color photographs, jobfinding tips, recommended books and websites for further exploration.

Author: Winnie Faust
Publisher:
ISBN: 9783668499201
Category :
Languages : de
Pages : 28

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Book Description
Studienarbeit aus dem Jahr 2015 im Fachbereich VWL - Finanzwissenschaft, Note: 1,0, Sprache: Deutsch, Abstract: The aim of this paper is to analyse the Real Estate Investment Trust system in the United Kingdom. In order to do so the first topic is the background information followed by an analysis of the current situation. Furthermore there will be a comparision between the advantages and disadvantages of the REIT. The REIT system, in combination with London's strong and traditional capital markets, has given the property investment sector the opportunity to grow. The law to set and preserve the identity of REITs in the United Kingdom was enacted in January 2007 and soon after that several property groups changed to REITs as well as some start-up REITs developed. Basically Real Estate Investment Trusts allow property companies to take part in the equity markets and thus provide financial means to end-investors without any tax leakage. Therefore UK-REITs offer further asset classes to investors and shareholders. REIT, which stands for Real Estate Investment Trust, deals with real estate as its asset. Therefore someone could assume that REIT was to be an equivalent alternative to direct property investment. Instead trade as equities follows other market mechanism than the cumbrous direct property market does. Trading on equities may change the character of REITs as investments, which comes apparent in the volatilities of direct real estates and REITs. The question arises whether REITs is to be seen as an investment in real estate or in equities or if it represents a hybrid form of both characteristics. Are REITs belonging to the real estate allocation or are they part of the equity allocation? A recent study reveals that 35% of US investors acknowledge REITs as an element of real estate business, while 37,5% favour them to be part of the equity section. Because the answer to this relevant question is very vague and undecided, it could explain why institutions stil