What is ubit and what are some exceptions to the rule

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Taxation Discussion Post

What is UBIT and what are some exceptions to the rule? Why do you think these exceptions exist? What is the significance of the "regularly carried on" test as it relates to UBIT?

Reference no: EM131570153

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What is ubit and what are some exceptions to the rule : What is UBIT and what are some exceptions to the rule? What is the significance of the "regularly carried on" test as it relates to UBIT?
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