Ilkam Law Review : United States REIT Structure and Real Estate Assets = Ilkam Law Review : United States REIT Structure and Real Estate Assets

국문 초록 (Abstract)

미국 자본시장에서 REITs에 투자하는 투자자의 수는 지속적으로 증가하고 있고 REITs 가 소유하고 있는 자산도 매우 다양해지고 있다. 이 논문은 REITs의 기본적인 형성구조와 과세에 관한 이해를 높이는 것을 기초로 하여 독자들에게 신탁이 어떻게 형성되는지, 그리고 신탁이 무엇으로 구성되어 있는지에 대한 명확한 설명을 시도하는데 그 목적이 있다. 구체적으로는 REITs 내부의 운용구조에 대한 설명을 한 후, REITs로서 조직되고 IRS의 과세 규칙 등에 기초하고 있는 다른 유형의 회사들에 대하여도 추가적인 논의를 할 것이다. 마지 막으로 이 논문은 REIT의 조직유형으로부터 장점을 취할 수 있는 여러 가지 잠재적인 사업 모델들을 찾아보는 노력을 시도하도록 한다.

다국어 초록 (Multilingual Abstract)

REITs are becoming increasingly popular in the United States with investors and the variety of assets that REITs own has also been increasing. This article explains the formation and basic taxation scheme of REITs, so that the reader can have a clear view of how these trusts are formed and what they are composed of. After exploring the inner workings of REITs, the article continues on to discuss the different types of companies that can be organized as REITs, based on IRS revenue rulings and IRS private letter rulings. The article ends with a look at some potential types of businesses that might benefit from REIT organization.

참고문헌 (Reference)

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39 "26 U.S.C. § 857"

40 "26 U.S.C. § 856"

41 "26 U.S.C. § 4981"