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Exclusions from Unrelated Business Income Tax

Even if an activity is considered to be taxable, there are a number of modifications to income and statutory exceptions that are available under the UBIT regulations.

These include the following:

  • Passive income such as dividends, interest, annuities, and royalties where no active business participation and management is involved;
  • Rents from real property (contingent with debt finance issue) and some personal property;
  • Income from certain forms of research;
  • Income generated from donated services or property;
  • Income produced from sales made primarily for the convenience of the organization's members, students, and employees (including faculty and staff).