Unrelated Business Tax Income

Unrelated Business Tax Income

Income earned by a tax-exempt entity that does not result from tax-exempt activities. The entity may owe taxes on this income.
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From an investment perspective, Klein continued, pension funds and financial institutions are finding REITs more acceptable than real estate ownership or development financing for several reasons: they offer liquidity; they are qualified investments for regulated funds; they do not create unrelated business tax income (UBTI); they deliver good yields and dividends, and; value is set by the stock market, not by appraisals.