Carried Interest Reform Would Rock Real Estate World

Law360, New York (November 1, 2011, 12:06 PM EDT) -- The Obama administration's proposal to raise revenue by doubling the tax rate on carried interest for investment partnerships could rewrite the rules of real estate investment, and some experts say the result may be catastrophic for the industry.

The change, proposed in September as part of President Barack Obama's deficit reduction plan, would increase the tax on carried interest from the capital gains rate, currently at about 15 percent, to the ordinary income tax rate, which is now as much as 35 percent.

Efforts to change...
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