Qualified real property definition

Qualified real property means real property:

Qualified real property means buildings and improvements located upon leased real property that are assessed as real property under section 2(1)(c), except buildings and improvements exempt under section 9f, if the value of the buildings or improvements is not otherwise included in the assessment of the real property.

Qualified real property means Real Property that (a) is not subject to a Lien in any manner, other than Permitted Encumbrances, and (b) is not subject to or affected by any limiting agreement as described in Section 6.08 of this Agreement.

Examples of Qualified real property in a sentence

• Qualified real property business indebtedness is debt (other than qualified farm debt) that meets all of the following conditions.1. It was incurred or assumed in connection with real property used in a trade or busi- ness.

• Qualified real property includes residential buildings and other structures and real property improvements regularly occupied or used by the owner or lessee of real property (or by the employees of the owner or lessee) to operate a farm or other closely held business.

• Qualified real property business debt includes refinanc-ing of debt described in (3) earlier, but only to the extent itdoes not exceed the debt being refinanced.

• Qualified real property includes residential buildings and other structures and real property improvements regularly occupied or used by the owner or lessee of real property (or by the employees of the owner or lessee) to operate a farm or other closely-held business.

• Qualified real property business debt includes refinanc-ing of debt described in (3) earlier, but only to the extent it does not exceed the debt being refinanced.Do not include canceled debt in income in the following You cannot exclude more than either of the following situations.

More Definitions of Qualified real property

Qualified real property means real property which was acquired from or passed from the decedent to a qualified heir of the decedent and which, on the date of the decedent's death, was being used for a qualified use by the decedent or a member of the decedent's family, but only if:

Qualified real property means real property for which the

Qualified real property means real property reasonably prospective for oil and gas resources.

Qualified real property means any parcel of real property that is

Qualified real property means real property that is: (i) the taxpayer's principal residence or owned by a small business; (ii) damaged during the taxable year as a result of a disaster; and (iii) not used in a rental or leasing business.

Qualified real property means a parcel of real property less

Qualified real property means a parcel of real property less than five acres in size that is abandoned, underutilized, or vacant, including, but not limited to, an abandoned, underutilized, or vacant plot of land or a building, which can be used for agricultural or horticultural purposes to produce agricultural or horticultural products through aquaculture, aquaponics, or hydroponics, by roof-top farming, or through the use of greenhouses, high tunnels, or other structures beneficial for the production of agricultural or horticultural products.