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Tax Law Roundup current law developments in U.S. taxation

Tag Archives: timber

Timber Forest Carbon Emission Units are Good REIT Assets

Posted in Green, Real Estate, REITs

The IRS has ruled in PLR 201123003 that a timber REIT can treat its tradable carbon emission units as an interest in real property that is a good REIT asset which creates good real estate income. The applicable forestry program granting the units imposes land use restrictions on the forest owner by requiring the forest… Continue Reading