Corporate Restructuring - In a shift of a long-time position, the IRS has uncorked a significant catalyst to restructurings aimed at unlocking values. The agency has ruled that operating companies can spin off their real estate properties to stockholders on a tax-free basis, as long as the new company is established as a REIT.
Year of publication:
Mergers & acquisitions. - New York, NY : Investment Dealers' Digest, ISSN 0026-0010, ZDB-ID 8628555. - Vol. 36.2001, 8, p. 35