Qualified real property interest definition

Qualified real property interest means the same as defined in Section 170(h)(2) of the Internal Revenue Code. Conservation easements and bargain sales are examples of a qualified real property interest.
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Qualified real property interest means any interest in real property other than a nonqualified real prop- erty interest.
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Qualified real property interest means any of the following interests in real property:
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Examples of Qualified real property interest in a sentence

  • See section 170(f)(14) of the• The fair market value of the property at the Internal Revenue Code.time of the initial fractional contribution, or Qualified real property interest.

  • Qualified Conservation Contribution Section 170(h)(1) • Qualified real property interest • Granted in perpetuity (Section 170(h)(2)(C)) • Qualified organization • Exclusively for conservation purposes Qualified Real Property Interest Section 170(h)(2) Any of the following interests in real property: • Transfer of an entire interest in property except for qualifying mineral interest • A remainder interest in real property • A restriction on the use of the real property granted in perpetuity.

  • A statement that in the event this agreement is not timely implemented, that they will report the additional tax on whatever return is required by the IRS Qualified real property interest.


More Definitions of Qualified real property interest

Qualified real property interest means any of the
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Qualified real property interest means an interest in real property located completely in this state and containing wetlands or riparian zones, which also meets the definition of a qualified real property interest under 26 U.S.C. § 170(h)(2), as in effect on January 1, 2009, and the corresponding regulations in 26 C.F.R. § 1.170A-14(b), as in effect on January 1, 2009.
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Qualified real property interest means the landowner has the entire interest of the property plus a remainder interest and has contracted to per- petually restrict the way in which the property may be used through the conservation easement.26 Many states27 allow for term easements, which are conservation easements that only last a set amount of years, but private organizations and landowners must be aware that the IRS will not grant the deduction for an easement that does not encumber the land forever.28 A “qualified organization” is either a 501(c)(3) non-profit organization estab- lished for the sole purpose of preserving land (usually known as a land trust), or a government body.29
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Qualified real property interest. The donor's entire interest in the property. · A remainder interest (personal residence, farm or conservation property). · A perpetual conservation restriction.
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Qualified real property interest. ’ means any of the following interests in real property: (A) the entire interest of the donor other than a qualified mineral interest as defined in section 170(h)(6);
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Related to Qualified real property interest

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.