Captive REIT definition

Captive REIT means a real estate investment trust other than a qualified real estate investment trust under s. 71.22 (9ad), Stats.
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Captive REIT means, as further defined in RIGL § 44-11-1(a), a corporation, trust or association (1) that is considered a real estate investment trust for the taxable year under IRC § 856; (2) that is not regularly traded on an established securities market; and (3) more than fifty percent (50%) of the voting power or value of the beneficial interests or shares of which at any time during the last half of the taxable year, is owned or controlled, directly or indirectly, by a single entity that is subject to the provisions of Subchapter C of the Internal Revenue Code.
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Captive REIT means, as further defined in R.I. Gen. Laws § 44-11-1(a), a corporation, trust or association:
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Examples of Captive REIT in a sentence

  • As discussed in our 2007 submissions to the MTC in connection with its Model Captive REIT Statute, to the extent that the July 20 Proposed Draft would expand the Model Captive REIT Statute to disallow a REIT’s DPD to the extent the REIT is owned by another REIT, mutual fund, partnership, etc., the proposal would disrupt legitimate investment structures for investing in both income producing real estate, and, with respect to listed REIT stock, publicly traded securities.

  • Captive REIT & RIC Legislative Amendments Page B-1New York State Department of Taxation and FinanceOffice of Tax Policy Analysis Taxpayer Guidance Division TSB-M-09(1)CCorporation Tax January 9, 2009 Tax Treatment of Real Estate Investment Trusts (REITs) and Regulated Investment Companies (RICs)The Tax Law has been amended concerning the tax treatment of REITs and RICs. A REIT or RIC is generally subject to tax under Article 9-A (franchise tax on general business corporations) of the Tax Law.

  • This act shall take effect immediately and apply to taxable years beginning on or after January 1, 2007.Appendix B: Materials Relating to Captive REIT and RIC Reporting Requirement‌ Appendix B presents materials relating to the captive REIT and RIC reporting requirement and the process by which taxpayers reported captive REIT and RIC information to the Tax Department.

  • The Captive REIT and RIC Reporting Requirement web page was published to the Tax Department’s website in January of 2009.

  • The First Model Captive REIT Statute disallows the entire amount (rather than just a proportionate amount) of a REIT’s DPD to the extent that a non-listed REIT is a “captive REIT,” that is, more than 50% owned by a corporation not exempt from the tax under section 501(a) of the Internal Revenue Code.

  • Because there was no abusive purpose to such ownership, the Model Captive REIT Statute allows such REITs to own lower-tier REITs without the lower-tier REITs’ being considered captive REITs. In addition, sometimes on listed REITs will own stock of another listed REIT purely for investment purposes in order to obtain a better return than holding cash before it is used to acquire additional assets.

  • Then its annihilator Ann(M ) := f A f M = 0 , which is an ideal of A.Corollary 8.6. Let X be a scheme and F ∈ QCoh(X) be locally finitely generated.

  • With that said, if the MTC believes it is necessary to modify the Model Captive REIT Statutes so that more than 50% ownership of a REIT by an insurance company results in loss of a REIT's DPD, NAREIT would not oppose this clarification.However, to the extent that the July 20 Proposed Draft would expand the Model Captive REIT Statutes, it would be unworkable as further discussed below.

  • A number of states have adopted captive REIT statutes that are similar to the Model Captive REIT Statute.

  • Captive REIT expenses and costs ..............................................................................................7.


More Definitions of Captive REIT

Captive REIT means a corporation, trust or association:
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Captive REIT means a REIT (a) that is not regularly traded on an established securities market, and (b) more than fifty percent of the voting stock of which is owned or controlled, directly or indirectly, by a single corporation that is not exempt from federal income tax and is not a REIT. Any voting stock in a REIT that is held in a segregated asset account of a life insurance corporation (as described in section 817 of the internal revenue code) shall not be taken into account for purposes of determining whether a REIT is a captive REIT.
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Captive REIT means, as further defined in RIGL § 44-11-1(a), a corporation, trust or association (1) that is considered arefers to legislation enacted in 2007 to impose a tax on the net income of captive real estate investment trust for the taxable year under IRC
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Captive REIT means, as further defined in RIGL § 44-11-1(a), a corporation, trust or association (1) that is considered a real estate investment trust for the taxable year
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Captive REIT means a REIT (a) that is not regularly traded on an established securities market, and
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Related to Captive REIT

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Operating Partnership has the meaning set forth in the preamble.

  • General partnership means an organization formed by two or more persons under chapters 45-13 through 45-21.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • Advisor or “ADVISORS” means the Person or Persons, if any, appointed, employed or contracted with by the Company pursuant to Section 8.1 hereof and responsible for directing or performing the day-to-day business affairs of the Company, including any Person to whom the Advisor subcontracts all or substantially all of such functions.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which the Parent directly or indirectly owns stock and the Parent and such corporation have jointly elected that such corporation be treated as a taxable REIT subsidiary of the Parent under and pursuant to Section 856 of the Internal Revenue Code.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Investment Advisor means any person or entity who is an Authorized Person to give Instructions with respect to the investment and reinvestment of the Fund's Investments.

  • Captive insurance company means any pure captive insurance company, association captive

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Wholly-Owned Investment Sub means an entity (i) that is a wholly-owned subsidiary9 of a Regulated Fund (with such Regulated Fund at all times holding, beneficially and of record, directly or indirectly, 95% or more of the voting and economic interests); (ii) whose sole business purpose is to hold one or more investments on behalf of such Regulated Fund (and, in the case of an SBIC Subsidiary, maintain a license under the SBA Act and issue debentures guaranteed by the SBA); (iii) with respect to which such Regulated Fund’s Board has the sole authority to make all determinations with respect to the entity’s participation under the Conditions to this application; and (iv) (A) that would be an investment company but for Section 3(c)(1), 3(c)(5)(C), or 3(c)(7) of the Act, or (B) that qualifies as a real estate investment trust (“REIT”) within the meaning of Section 856 of the Internal Revenue Code (“Code”) because substantially all of its assets would consist of real properties.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Commissioner-General means the Commissioner-General appointed under the Zambia Revenue Authority Act;

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • Disqualified Partnership Any domestic entity classified as a partnership under the Code if any of its direct or indirect beneficial owners (other than through a U.S. corporation) are (or, under the applicable partnership agreement, are permitted to be) Disqualified Non-United States Tax Persons.

  • Sale of the Company means the sale of the Company to an Independent Third Party or affiliated group of Independent Third Parties pursuant to which such party or parties acquire (i) capital stock of the Company possessing the voting power to elect a majority of the Company's board of directors (whether by merger, consolidation or sale or transfer of the Company's capital stock) or (ii) all or substantially all of the Company's assets determined on a consolidated basis.

  • Warburg Pincus CS", "CSAM", "Credit Suisse" or "Credit Suisse Warburg Pincus".