Utah Administrative Code
Topic - Tax Commission
Title R865 - Auditing
Rule R865-6F - Franchise Tax
Section R865-6F-39 - Definitions Related to Captive Real Estate Investment Trust and Foreign Real Estate Investment Trust Pursuant to Utah Code Ann. Section 59-7-101
Current through Bulletin 2024-06, March 15, 2024
The following definitions apply to the definitions of captive real estate investment trust and foreign real estate investment trust in Section 59-7-101.
(1) "Cash or cash equivalents" means currency and coins, bank balances, negotiable money orders, checks, and highly liquid investments that can easily be converted into cash, such as treasury bills, certificates of deposit, marketable securities, and negotiable financial instruments.
(2) "Established securities market" is defined as that phrase is defined in Treas. Reg. Section 1.884- 5 (d)(2) (2007), which is adopted and incorporated by reference.
(3) "Listed Australian property trust" means:
(4) "Regularly traded" is defined as that phrase is defined in Treas. Reg. Section 1.884-5 (d)(4) (2007), which is adopted and incorporated by reference.