United States - Derivatives based on US estate
- United States
- P. Carman
- Derivatives & Financial Instruments, 2009 (Volume 11), No 3
- 1 June 2009
A recent ruling by the US Internal Revenue Service may raise issues about whether derivatives based upon narrow indexes related to US real property will be taxed as interests in US real property. The result of such characterization would be US taxation of gains without regard to available treaty protection.