KPMG report: REITs and the new corporate alternative minimum tax
A KPMG report examines the treatment of real estate investment trusts under the IRA’s corporate alternative minimum tax
REITs and the new corporate alternative minimum tax
Although real estate investment trusts (REITs) are exempted from the new corporate alternative minimum tax (CAMT) created by Pub. L. No. 117-169 (commonly called the “Inflation Reduction Act of 2022” (IRA)), a REIT’s subsidiaries may be subject to CAMT.
Read a June 2023 report* [PDF 332 KB] prepared by KPMG LLP tax professionals that examines the treatment of REITs under the IRA’s CAMT, pointing out that while the tax does not apply directly to REITs, their subsidiaries may be within its scope.
*This article originally appeared in Tax Notes International (June 26, 2023) and is provided with permission.
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