https://www.taxtmi.com/manuals?id=1452 Certain receipts of a business trust are tax-exempt: interest from a special purpose vehicle and specified dividends are exempt in the trust; REITs' income from renting or leasing real estate owned directly is exempt. Distributed income received by unit holders is exempt except where the distribution corresponds to the trust's exempt interest or the REIT's direct rental income, in which case the unit holder is taxable. Definitions and qualification conditions for business trust, special purpose vehicle and real estate asset align with the relevant securities regulations. en-us Thu, 28 Jan 2016 17:23:00 +0530 Tue, 07 May 2024 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1452 Certain receipts of a business trust are tax-exempt: interest from a special purpose vehicle and specified dividends are exempt in the trust; REITs' income from renting or leasing real estate owned directly is exempt. Distributed income received by unit holders is exempt except where the distribution corresponds to the trust's exempt interest or the REIT's direct rental income, in which case the unit holder is taxable. Definitions and qualification conditions for business trust, special purpose vehicle and real estate asset align with the relevant securities regulations. Manuals Income Tax Thu, 28 Jan 2016 17:23:00 +0530 https://www.taxtmi.com/manuals?id=1452