President Donald J. Trump signed the legislation commonly known as the “One Big Beautiful Bill” (Tax Act) into law on July 4, 2025. We explore five key takeaways for fund sponsors, investors, and the broader asset management...more
President Donald J. Trump signed the legislation commonly known as the “One Big Beautiful Bill” (Tax Act) into law on July 4, 2025. Below are five key takeaways for sponsors and investors in real estate and real estate...more
The US Senate released a draft tax bill (Senate Tax Bill) on June 16, 2025. We explore five key takeaways for fund sponsors, investors, and the broader asset management community, with a focus on how the Senate Tax Bill...more
6/24/2025
/ Asset Management ,
Digital Services Tax ,
Educational Institutions ,
Excise Tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investors ,
Proposed Legislation ,
Regulatory Agenda ,
REIT ,
Tax Liability ,
Tax Reform ,
Universities
On May 22, 2025, the House of Representatives passed a tax bill with some limited amendments (House Tax Bill). The House Tax Bill will now head to the Senate, where additional amendments could be made. Below, we outline five...more
5/23/2025
/ Corporate Taxes ,
Excise Tax ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investors ,
Proposed Legislation ,
Real Estate Investments ,
REIT ,
Tax Liability ,
Tax Reform ,
Taxation
On May 12, 2025, the House Committee on Ways and Means Chairman Jason Smith (R-MO) released an amended 389-page bill, entitled “The One, Big, Beautiful Bill,” and the staff of the Joint Committee on Taxation released a...more
On October 4, 2024, the Treasury Department released a private letter ruling (PLR 202440007, or the PLR) addressing whether a real estate investment trust (REIT) without any income and assets in its first year of operation...more