毕马威：2025《大而美法案》对房地产行业的影响研究报告（英文版）（53页）.pdf

1、One,Big,Beautiful Bill and the Real Estate IndustryJuly 10,20252 2025 KPMG LLP,a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights r

2、eserved.USCS032044-1ANoticeThe following information is not intended to be“written advice concerning one or more Federal tax matters”subject to the requirements of section 10.37(a)(2)of Treasury Department Circular 230.You(and your employees,representatives,or agents)may disclose to any and all pers

3、ons,without limitation,the tax treatment or tax structure,or both,of any transaction described in the associated materials we provide to you,including,but not limited to,any tax opinions,memoranda,or other tax analyses contained in those materials.The information contained herein is of a general nat

4、ure and based on authorities that are subject to change.Applicability of the information to specific situations should be determined through consultation with your tax adviser.The One,Big,Beautiful Bill Act4 2025 KPMG LLP,a Delaware limited liability partnership and a member firm of the KPMG global

5、organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.USCS032044-1AThe One,Big,Beautiful Bill Act While the OBBBA includes a number of important provisions,it is important to recognize the provisions tha

6、t were not included in the OBBBA.Examples of excluded provisions that have been of concern to the real estate industry include:-No specific change to the taxation of carried interests.-Preservation of like-kind exchanges for real estate assets.-No change to tax rates on capital gain.-No limitation o