Solar Projects, Other Assets Qualify for REIT Tax Treatment

The IRS issued final rules that expand the use of real estate investment trusts to include renewable energy equipment and other assets.

The regulations change or clarify what types of assets qualify as real property for REIT purposes, the first time the definition has been updated in more than 50 years. The final rules (T.D. 9784 ) retain much of a May 2014 proposal, the Internal Revenue Service said91 DEN A-11, 5/12/14, 91 GINB, 5/12/14, 91 DTR G-11, 5/12/14, 90 ECR, 5/9/14, 05 IIPR 10, 5/12/14.

The rules, released Aug. 30, address how assets, including data centers, cell ...