taxable REIT subsidiary
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 856 — for purposes of this part (10 versions over time)
The term “taxable REIT subsidiary” means, with respect to a real estate investment trust, a corporation (other than a real estate investment trust) if—
(A) such trust directly or indirectly owns stock in such corporation, and
(B) such trust and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of such trust for purposes of this part.
26 U.S.C. § 856 — for purposes of this part (11 versions over time)
The term “taxable REIT subsidiary” includes, with respect to any real estate investment trust, any corporation (other than a real estate investment trust) with respect to which a taxable REIT subsidiary of such trust owns directly or indirectly—
(A) securities possessing more than 35 percent of the total voting power of the outstanding securities of such corporation, or
(B) securities having a value of more than 35 percent of the total value of the outstanding securities of such corporation.