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Tax reform has the potential to impact everything from property prices to how REITs and their shareholders are taxed.
That is according to PwC national real estate tax technical leader Adam Feuerstein, who said investors should be paying attention to all the ways comprehensive tax reform could impact REITs, NAREIT reports. Feuerstein said tax reform could do away with REIT interest deduction and 1031 like-kind exchanges, two provisions of the tax code cherished by REIT investors.
President Donald Trump has been promising tax cuts since he was on the campaign trail, proposing lowering the tax rate for business partnerships, which could include property fund managers, from 23.8% to 15%. Feuerstein said current Republican tax proposals call for changing the tax rate to anything from 33% to 16.5%, though many specifics remain unclear.
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