domingo, 27 de mayo de 2012

Reit

Reit: Created in the year 1960 by the congress- It stands for real estate investment trust.'

It was created so everyone could invest in real estate, 75% of it had to be real estate and couldnt retain earnings.
75% of income should be real estate and 95% must be paid out.
You could writte off depreciation of buildings, tax reform act of 1986 eliminated this advantge.

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