FOREIGN ESTATE definition
FOREIGN ESTATE means an estate the income of which, from sources outside the United States which are not effectively connected with the conduct of a trade or business within the United States, is not includible in gross income for United States federal income tax purposes.
FOREIGN ESTATE. FOREIGN PERSON", "AFFILIATE" of a "FOREIGN PERSON" or a "UNITED STATES INTERMEDIARY" of a "FOREIGN PERSON" within the meaning of IRC Sections 897 and 1445, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts or any amendments to such Acts.
FOREIGN ESTATE means an estate the income of which, from sources without the United States which is not effectively connected with the conduct of a trade or business within the United States, is not includible in gross income under the income tax section of the US Internal Revenue Code. Definition of a foreign trust
Examples of FOREIGN ESTATE in a sentence
Borrower is not a "FOREIGN CORPORATION," "FOREIGN PARTNERSHIP," "FOREIGN TRUST," or "FOREIGN ESTATE," as those terms are defined in the Internal Revenue Code and the regulations promulgated thereunder.
More Definitions of FOREIGN ESTATE
FOREIGN ESTATE or ‘foreign trust’ means any estate or
FOREIGN ESTATE as those terms are defined in the Code. 20