PwC Expert Highlights Potential Tax Reform Changes REITs Should Consider

PwC’s Adam Feuerstein

Adam Feuerstein, national real estate tax technical leader at PwC, joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California.

Feuerstein commented on some of the issues that REITs should consider regarding potential comprehensive tax reform. Those issues include:

  • Direct tax impacts;
  • What happens to REIT taxable income;
  • REIT distribution requirements;
  • Shareholder taxation; and
  • The impact on real estate generally, including real estate values and financing and interest rates.

Some of the possible changes from tax reform that are getting particular attention are the potential loss of interest deduction and section 1031 like-kind exchanges, Feuerstein noted.

Feuerstein also discussed some of the main tax issues for subsidiary REITs.