Internal Revenue Service Issues Another Significant Ruling on Spinoff of Real Estate


Caroline Ngo and Britt Haxton wrote this bylined article analyzing several favorable IRS private letter rulings for tax-free spin-offs of real estate, particularly if the spun-off company elects real estate investment trust (REIT) status for potentially substantial tax savings. “This type of transaction could be of significant relevance to a corporation owning significant real estate assets,” the authors wrote.