REITs in Florida
FL REIT advantages: no state income tax on dividends. FL-focused sectors: residential, commercial, hospitality (tourism), healthcare, and industrial. Considerations: high hurricane insurance costs, variable property taxes (no SOH for investment), and coastal/wetland regulations. No FL tax on dividends; federal: ordinary income with 20% Section 199A deduction. Population growth and tourism drive demand.
FL Sectors
- Residential, commercial, hospitality
- Healthcare, industrial
- Tourism drives hospitality demand
FL Considerations
- High hurricane insurance costs
- No SOH cap for investment property
- Coastal/wetland regulations
Tax Treatment
- No FL state income tax
- Federal: ordinary income
- Section 199A: 20% deduction
Related Terms
- REIT — Overview
Barnes Walker Real Estate
Barnes Walker’s attorneys advise on FL REIT investments. Request a legal inquiry for assistance.
Florida Law Reference
Fla. Stat. Ch. 736 (Florida Trust Code)
The Florida Trust Code governs the creation, modification, and administration of trusts, including trustee duties, beneficiary rights, and trust termination.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC