Tax-Efficient definition

Tax-Efficient and “Tax-Advantaged” Income means that due to the general ability of real estate owners (like Centurion Apartment REIT) to deduct capital cost allowances against income, current taxes can often be reduced and/or deferred; whereas with an interest-bearing instrument, such as a bond or deposit, no such offset from capital cost allowances are available. In 2009, 2010, 2011, and 2012, 100% of Centurion Apartment REIT’s distributions were treated as return of capital (Box 42 on a T3 Form) for tax purposes. There is no guarantee that this will be the case in the future.

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Tax-Efficient means that ASH REIT may have the ability to treat certain distributions as returns of capital, although not guaranteed.

Tax-Efficient and “Tax-advantaged” income means that because of the general ability of real estate owners (like Virtus Diversified REIT) to deduct capital cost allowances (CCA) against income, current taxes may be reduced and/or deferred; whereas with an interest bearing instrument, such as a bond, no such offset from capital cost allowances are available. There is no guarantee that this will be the case in the future.

Examples of Tax-Efficient in a sentence

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• Rowe Price Tax-Efficient Equity Fund 70J4 REI 52-2294523 Maryland T.

More Definitions of Tax-Efficient

Tax-Efficient simply means low tax rates compared to other locations (Roslan and Polak, 2009). Blair (1999) reaffirms the importance of the tax system in such decisions; when Nokia faced the apparent need to be close to its international operation in Singapore, it considered setting up a RTC in Singapore, Hong Kong, Malaysia and Australia. Owing to the comparatively unattractive tax regimes offered by the latter three states, Singapore was chosen. Additionally, Murphy (2000) points out that international treasurey centres are primarily tax driven where tax on profits generated is treated at a favourable rate. The world’s largest package and document delivery company, UPS, considered Singapore and the Philippines as possible RTC locations as those two countries offered some of the lowest tax rates in Asia and, again, Singapore was chosen (Roslan and Polak, 2009). Zilva (2004) also studied Australia’s ROH taxation incentives by comparing them to Singapore, Malaysia and Thailand in a study with a similar methodology to that of Watanabe (1998), i.e. a tax related comparative study. The logic of these studies is, again, that it is the tax environment that can be decisive when it comes to discretionary decisions to locate HQ operations. Of course, states that offer what are construed to be clement tax environments to attract inward investment are also the kinds of states likely to offer attractive conditions as measured by other criteria.