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.
Sample 1Sample 2Sample 3
Qualified real property interest means any interest in real property other than a nonqualified real prop- erty interest.
Sample 1Sample 2Sample 3
Qualified real property interest means any of the following interests in real property:
Sample 1Sample 2

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. The donor's entire interest in the property. · A remainder interest (personal residence, farm or conservation property). · A perpetual conservation restriction.
Sample 1
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.
Sample 1
Qualified real property interest means any of the
Sample 1
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
Sample 1
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);
Sample 1

Related to Qualified real property interest

  • Excluded Real Property (a) any Real Property that is subject to a Lien expressly permitted by Section 7.3(j) (solely to the extent that the Indebtedness secured by such Lien would prohibit a Lien on such Real Property to secure the Obligations) or Section 7.3(g) (solely to the extent securing Indebtedness under Sections 7.2(c) or 7.2(t)), (b) any Real Property with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the cost of providing a mortgage on such Real Property in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom and (c) any Real Property to the extent providing a mortgage on such Real Property would (i) result in material adverse tax consequences to Holdings or the Borrower or any of its Restricted Subsidiaries as reasonably determined by the Borrower (provided, that any such designation of Real Property as Excluded Real Property shall be subject to the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)), (ii) violate any applicable Requirement of Law, (iii) be prohibited by any applicable Contractual Obligations (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) to the extent such prohibition was not created in contemplation of a mortgage on such Real Property or (iv) give any other party (other than a Loan Party or a wholly-owned Subsidiary) 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) to the extent such right was not created in contemplation of a mortgage on such Real Property; provided that the Borrower may designate in a written notice to the Administrative Agent any Real Property not to constitute “Excluded Real Property”, whereupon the Borrower shall be obligated to comply with the applicable requirements of Section 6.8 as if it were newly acquired.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, 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, all general intangibles and contract rights and other property and rights 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.