부동산투자회사(REITs) 활성화를 위한 과세방안에 관한 연구

The Real Estate Investment Trusts(REITs) is a form of an indirect investment organization Which professionally invests in real estate with funds from a large number of investors through stock issues. Korea's Real Estate Investment Trusts is divided into the general REITs and CR(Corporate Restructuring) REITs. The general REITs is strongly characterized as an indirect investment in real estate funded by a large number of investors. On the other hand, the CR REITs puts its priority in supporting the restructuring of corporations through purchasing of corporate estates and promptly making use of them. Both systems show various differences in nature. At present, the establishment of the general REITs does not exist here in korea. There are some establishments of certified CR REITs which are traded in the stock exchange. Unlike the general REITs, the CR REITs receives a large benefit in taxes and, thereby, have high earning rates. Because of these reasons fund collecting has become easier and some trusts have been established. For a successful REITs system, not only should the activities of the CR REITs in dealing with real estate form restructuring be vigorous but the activities of the general REITs in investing in general real estate should also be vigorous. To vitalize the general REITs' activities, there should be at least minimal tax benefits which are the same as the CR REITs. Through this type of activity, we can make healthy use of business in real estate usage and transactions.