Tax Talks

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Timothy Donovan

Timothy Donovan

Senior Counsel

Timothy W. Donovan is a senior counsel in the Tax Department and a member of the transactional tax team. He has a broad-based practice advising clients on tax matters relating to the business transactions of corporations, partnerships, joint ventures, trusts and individuals.

Tim’s practice principally focuses on U.S. and global tax matters relating to taxable and tax-free mergers and acquisitions, private equity fund formation and investment, real estate transactions, capital markets, structured finance, bankruptcy and restructuring. He has significant experience with the formation, investment in, and operation of real estate funds and real estate investment trusts, or REITs, including publicly-offered listed and non-listed REITs and private REITs.

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IRS Issues Final Regulations on REIT and RIC Conversion Transactions

The U.S. Treasury Department and the Internal Revenue Service published on January 18, 2017 final regulations (the “Final Regulations”)[1] reducing from ten years to five years the recognition period for the corporate-level tax imposed on certain property dispositions by a real estate investment trust (“REIT”) or a regulated investment company (“RIC”) under Section 337(d), and … Continue Reading

Real Estate Investments by Qualified Foreign Pension Funds After the PATH Act

The Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) included a number of significant changes to the U.S. federal income tax rules related to real estate investment trusts (“REITs”) and investments by non-U.S. investors in U.S. real estate (commonly referred to as “FIRPTA”). For a detailed overview of these PATH Act changes, please … Continue Reading
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