It also excludes from taxation employer-provided death benefits, cancellation of debt and disaster relief payments "and gives the I.R.S. additional authority to postpone deadlines and increases the personal exemption for disability trusts, among other provisions," Mr. Seidel explained.
Although the exact structure of British REITs remains unclear, it is sure to offer tax exemptions for the trusts and nice dividends for the investors.
Tax law also makes special exemptions for charitable trusts.
The bill did contain a limited exemption for real estate investment trusts that the industry wanted.
A more fitting sports metaphor would be to compare him to one of the lawyers who helped finagle a lucrative anti-trust exemption for professional football and baseball.
The Real Estate Roundtable was among those who tried to negotiate an exemption for real estate investment trusts, arguing that the higher tax rates would hurt the recovery of the real estate market.
So you may not use this exemption for assets going into a trust that will benefit people in addition to the spouse.
But Gonzalez's law exploits an exemption in anti-trust law that allows for collective bargaining if, her office said, a state "proactively provides them a legal framework".
But they were most common when setting up bypass or family trusts, which are intended to preserve the estate tax exemption for both spouses.
Bypass or credit-shelter trusts These tools, used to preserve the estate-tax exemption for both spouses, are an area in which formula clauses may lead to undesirable results.
