Alert 04.29.24
Cancellation of Debt Income: The Qualified Real Property Business Indebtedness Exception
This is the second in our series of alerts on taxable cancellation of debt income.
Service
Contacts
Pillsbury has real estate lawyers in offices worldwide with extensive experience handling a broad range of large, complex, high-profile leasing transactions for both landlords and tenants.
Representing clients ranging from REITs and other institutional property owners (as landlords) to Fortune 500 companies and high-tech and biotech startup companies (as tenants), Pillsbury Real Estate lawyers handle lease transactions in markets across the United States and in portions of Europe and Asia. We advise on, negotiate and help to enforce all types of leases for a wide range of properties, including office, industrial, retail, hospitality and agricultural leases. We are experienced in structuring and negotiating ground, build-to-suit and synthetic leases, as well as sale/leaseback arrangements and subleases.
We counsel landlords and tenants on creative tenant improvement financing structures, security deposit/letter of credit instruments, decommissioning issues involving biotechnology and industrial premises, leasehold bankruptcy rights and remedies, tax issues, and nontraditional leasing opportunities, such as cellphone and rooftop satellite site leases and entertainment industry site use agreements.
View More