Massachusetts Trust

(redirected from Business Trusts)
Also found in: Legal.

Massachusetts Trust

A trust whereby the trustee or trustees run a business on behalf of beneficiaries. That is, the trustees act as the managers and the beneficiaries act as shareholders. Beneficiaries may sell their position as beneficiaries. The trustees own all property associated with the business. Income from a Massachusetts trust may be taxed more favorably than other income. The term derives from the first such trust, which was formed in Massachusetts in the late 19th century to avoid local real estate regulation. It is also called a business trust or an unincorporated business organization.
References in periodicals archive ?
The project is being coordinated by CDBs Caribbean Technological Consultancy Services (CTCS) and includes face-to-face training to be held at the Youth Business Trusts (YBTs) as well as community-based training to be carried out in select underserved communities in in the target countries.
RHT was established and listed on the Singapore Exchange in 2012 when Fortis listed 15 clinical establishments (out of which 4 are new and `greenfield') and 2 hospitals, in a business trust, RHT Health Trust on the Singapore Exchange raising S$510 million (USD 372 million).
Electing small business trusts, which are usually treated as two separate trusts, have their adjusted gross income determined as if they were one trust for purposes of this tax.
The HPH Trust is the world's first publicly listed container port business trust.
MCITIC invests in approximately 40-50 of the highest quality income trusts and is currently weighted with around 40-45% in oil & gas royalty trusts, 30-35% in business trusts, 15-20% in REITS and 0-5% in pipeline & power trusts.
The Tax Court also found that the transfer of assets to the business trusts satisfied the requirement for full and adequate consideration in money or money's worth following the reasoning in Bongard:
In a major restructuring exercise to grow the contribution from its Investment Division, Keppel Corporation Limited (Keppel Corporation) plans to consolidate its interests in business trust management, real estate investment trust (REIT) management and fund management businesses (collectively, "Asset Management") under Keppel Capital Holdings Pte.
? Build the capacity of Youth Business Trusts (YBT) to support young entrepreneurs,
Because of the many newly created or converted S corporations, many letter rulings, notices, proposed regulations and revenue procedures reflected the 1996 legislative changes regarding qualified subchapter S subsidiaries (QSSSs), qualified subchapter S trusts (QSSTs) and electing small business trusts (ESBTs); in addition, Rev.
With an estimated IPO market capitalisation of about S$1.1 billion, Accordia Golf Trust brings the total number of SGX Business Trusts to 19 with a combined market capitalisation of more than S$22 billion.
Identical Letter Rulings 9328035 through 9328037 approved the nontaxable merger of RICs organized as business trusts. The letter rulings applied the nontaxable property transfer provision of Sec.
Bombardier Transportation South Africa is owned by Bombardier Transportation GmbH at 74 per cent of the company, with the remaining 26 per cent owned by South African employees and business trusts. These 26 per cent of shares are owned by employees trusts at 6 per cent, ensuring that the majority are black beneficiaries, and 20 per cent is allocated to a business trust for current and future qualifying business associates and suppliers, including NGOs.
Full browser ?