tailieunhanh - Understanding Commercial Property Investment

The effectively connected income of a foreign corporation or international investor is taxed on a net basis at graduated rates like those applicable to . corporations, citizens, and residents. Generally, . source income is ECI if one of two alternative tests -- the business-activities test and the assetuse test -- is met. The business-activities test looks to whether the activities of the . business are a material factor in generating the income. The asset-use test looks to whether the income is derived from assets used or held for use in the conduct of a . business. Both tests are applicable to income from real estate | Strategic Framework for Real Estate Investment in Emerging Markets The Case of Commercial Real Estate in Bogotá Colombia. by José Camilo Otálora Castro Bachelor of Science Economics 1999 Master of Business Administration 2006 Universidad de los Andes Submitted to the Department of Architecture in Partial Fulfillment of the Requirements for the Degree of Master of Science in Real Estate Development at the Massachusetts Institute of Technology September 2008 2008 José Camilo Otálora Castro All rights reserved The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author Department of Architecture August 7 2008 Certified by_ Gloria Schuck Lecturer Thesis Supervisor Accepted by__ Brian A. Ciochetti Chairman Interdepartmental Degree Program in Real Estate Development Strategic Framework for Real Estate Investment in an Emerging Market The Case of Commercial Real Estate in Bogotá Colombia. by José Camilo Otálora Castro Submitted to the Department of Architecture in Partial Fulfillment of the Requirements for the Degree of Master of Science in Real Estate Development Abstract Real estate investment is becoming increasingly international. Deregulation and integration of global capital markets growth of emerging market economies demographic trends in developed economies and geopolitical and sociocultural changes the world over are presenting opportunities for international real estate investors in a fascinating complex and interconnected market place. Latin America seems to be one of the last frontiers still unexplored by international real estate investors. Colombia in particular is making quiet and steady efforts to .