Certain Transfers of Property to Regulated Investment Companies [RICs] and Real Estate Investment Trusts [REITs]; Correction
other · IRS · Rule · Published 2016-06-28 · Effective 2016-06-28 · 81 FR 41800
Document
Document number
2016-15264
Federal Register citation
81 FR 41800
CFR reference
26 CFR 1
Type
Rule
Action
Final and temporary regulations; correcting amendment.
Category
other
Sub-agency
IRS
Publication date
2016-06-28
Effective date
2016-06-28
Treasury docket
TD 9770
Abstract
This document contains a correction to final and temporary regulations (TD 9770) that were published in the Federal Register on June 8, 2016 (81 FR 36793). The final and temporary regulations effect the repeal of the General Utilities doctrine by the Tax Reform Act of 1986 and prevent abuse of the Protecting Americans from Tax Hikes Act of 2015. The temporary regulations impose corporate level tax on certain transactions in which property of a C corporation becomes the property of a REIT.