1964-75

Type

Rev Rul

Subject

2.01a - Rents from Real Property - 75% Income Test - Generally

Keywords

Gross Income

Defined

Royalty, Mineral Extraction

Mineral Bearing Properties (Real Estate Asset)

Real Estate Asset

Mineral Royalty Interest

Rents from Real Property

Royalties

Mineral Extraction

Mineral Rights, Lease of

Year

1964

IRS Link

http://www.taxlinks.com/rulings/1964/revrul64-75.htm

Summary

The IRS ruled that mineral bearing properties owned by a REIT that are subject to leases under which the minerals are extracted do not qualify as "real estate assets."

Title

64-75, 1964-1 C.B. 228

Guidance Tags

Rev Rul - 64-75, 1964-1 C.B. 228

Referenced By

N/A

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.

1964-75

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