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The article focuses on the aspects of investing in a real estate limited partnership being offered by tax-shelter syndicators. It states that investment in such proposals such as real estate programs for tax exempt Keogh plans and individual retirement accounts will likely offer investors with a tax-loss passthrough that can be used to shelter other income, with tax savings as the only return. It discusses the tax and economic risk that should be considered when investing in such proposals.

The article focuses on the dangers and benefits of real estate partnerships when it comes to taxation in the U.S. It says that most of the proposals gain from brokerage houses and real estate syndicators come as limited partnership, which allows the passing of depreciation for tax losses that are useful to shelter other income. It adds that private limited partnerships focus on tax-shelter than on cash income. Moreover, developers and their partners get affordable and liberal financing.

The article discusses a court case related to taxes of real estate leases, wherein the tax court described need for tax planning in drafting and negotiating real estate lease agreements. It states that Michael Stough, the sole shareholder of Stough Development Corp., transferred the property to Wintermans LLC, and Wintermans asked the firm, to file an amended Form 1099. The court ruled that payment related to development and construction costs should be treated as additional rental income.

The article reports on sole proprietorship tax returns in the U.S. for the 2005 tax year. There were approximately 21.5 million individual tax returns that reported nonfarm sole proprietorship activity for 2005. Total profits for all nonfarm sole proprietorships were $269.9 billion, a 9-percent rise from the previous tax year. With a 17.6-percent increase in business receipts and a 16.4-percent increase in deductions, the real estate and rental and leasing sector posted the largest percentage increase in both receipts and deductions.

The article discusses the legislation package on taxes in U.S. Congress, that impacts two areas, application of capital gains tax of up to 28 percent for U.S. real estate sale, and exemption from paying taxes on income from U.S. portfolio investment for foreigners. It discusses new capital gains tax on foreign real estate investment in U.S. bringing in dollars, and interest tax exemption will increase competitiveness of U.S. bonds abroad and result in more foreign money flowing to U.S. markets.

The article offers information on a court case in Great Britain's Court of Appeal by supermarket chains Co-op, Tesco, and Sainsbury's against the attempted introduction of business rates on automated teller machines (ATMs) by the Valuation Office Agency (VOA) of Great Britain. Topics discussed include the impact of the court's decision on the chains and small businesses; the exemption from business rates; and the views of Robert Hayton, head of business rates at Altus Group.

An interview with Arvind Subramanian, chief economic advisor to the Indian government, is presented. He cites some challenges to persuading state governments to support the goods and services tax (GST), including the loss of fiscal sovereignty. He defends the simple structure for the GST which was opposed by many economists. He also mentions that the possibility that the petroleum and real estate sectors would be covered by the GST.

Reports on developments related to taxation of real estate business in New Orleans, Louisiana. Tax breaks for property owners in the Warehouse District; Tax break program's end; Impact on property owners' business operations.

The author offers insights on the taxation of property transactions of homebuyers. Topics discussed include the economic growth consequences of house price inflation, comparison of stamp duties in countries such as the U.S., Australia, and Great Britain, and the replacement of stamp duty in Canberra, Australian Capital Territory with a residential land value tax.

The article discusses the impacts of government policy shifts on the real estate industry in Vancouver city, British Columbia with topics including taxation policy issues and details on the EcoChallenge environmental protection pilot project pursued by real estate firm Colliers International.

The article discusses a recent change in tax regulation covering Sections 1.469-4 and 1.469-9 of the U.S. Internal Revenue Code (IRC). Included in this report are sections pertaining to the relationships of the grouping of activities, and of the grouping of rental and real estate activities. It discusses various characteristics that differentiate the two IRC regulations in the area of IRS notification of rental and real estate groupings, the general types of activities that can be used, and IRS notification of change in facts and circumstances.

The article focuses on the plea of the business leaders in New York City's Lower Manhattan for the New York state government to renew the tax breaks that were passed in the aftermath of the terrorist attacks in September 2011. Topics covered include the expiration of the commercial-rent tax exemption and other breaks, the scheduled end of the state legislative session on June 17, 2015, and the benefits of the breaks for the economic security and job creation in the area.

Discusses tax changes favorable to the real-estate industry. Reauthorization of the low-income housing tax credit and the tax-exempt mortgage revenue bond program; Effect on small builders and construction firms; Mortgage interest and capital gains; Credit availability; Discharged debt; Passive losses; Depreciation period for commercial real estate.

Discusses the impact of flat tax rates on real estate business in Long Island, New York. Description of flat tax rate systems; Reduction of real estate's value; Industry experts' comments.

The article reports that U.S. Internal Revenue Service (IRS) has issued revenue ruling 2016-15 to clarify the correct and uniform application of tax laws for treatment of qualified real property business indebtedness (QRPBI) on real property used in a trade or business. It mentions that gross income includes any amount that would be includible by reason of discharge of a taxpayer's indebtedness. It also mentions that taxpayer excludes cancellation of debt (COD) income from QRPBI.

Another wave of states is expected to begin implementation Jan. 1, according to the National Conference of State Legislatures. [ABSTRACT FROM AUTHOR]

Reports on the Restoration Tax Abatement Program in Gretna, Louisiana. Passage of the bill in April 1999 to spur economic development; Property tax benefits for property owners who carry out restorations in designated economic development districts; Program's design as primarily for commercial property; Charles and Judy Shano's Hope Properties Inc. as the first to receive approval to participate in the program.

Editorial. Discusses the need of the New York City administration to stop seizing buildings for non-payment of taxes. Reasons for the same; Difficulty in selling the property; Other possible solutions to the problem; Overhaul of the system of rent regulation; Attracting investors into the city; Related details.

Addresses the taxation of rental income from real estate in the United States in generating extra revenue. Details on the issued ruling of the United States Internal Revenue Service; Use of the guidelines.

Discusses terms in the 1993 Budget Reconciliation Act which excludes certain rental real estate activities of real estate professionals from the passive activity rules in taxation. Real estate professional defined; Determining which activities qualify; Activities that may not be grouped; Substantiation.