1972-229

Type

Rev Rul

Subject

7.04 - Prohibited Transactions - Defined & Tax Consequence

Keywords

Prohibited Transactions (Dealer Property)

Commercial Paper, Issuing

Year

1972

IRS Link

http://www.taxlinks.com/rulings/1972/revrul72-229.htm

Summary

A REIT that issues commercial paper in the form of promissory notes in order to borrow money is not considered to be holding property primarily for sale to customers.

Title

72-229, 1972-1 C.B. 206

Guidance Tags

Rev Rul - 72-229, 1972-1 C.B. 206

Referenced By

N/A

You Might Also Like...

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.

1972-229

You Might Also Like...

What's a REIT?

Why Invest in REITs

About Nareit

Get Daily Real Estate News