26 C.F.R. § 1.897-8T. - § 1.897-8t Status as a U.s. Real Property Holding Corporation as a Condition for Electing Section 897(i) Pursuant to § 1.897-3 (temporary).

Current as of January 1, 1970

Section 1.897-8T - § 1.897-8t Status as a U.s. Real Property Holding Corporation as a Condition for Electing Section 897(i) Pursuant to § 1.897-3 (temporary).Section 1.897-8T - § 1.897-8t Status as a U.s. Real Property Holding Corporation as a Condition for Electing Section 897(i) Pursuant to § 1.897-3 (temporary).

Section 1.897-7T - § 1.897-7t Treatment of Certain Partnership Interests as Entirely U.s. Real Property Interests Under Sections 897(g) and 1445(e) (temporary).Section 1.897-9T - § 1.897-9t Treatment of Certain Interest in Publicly Traded Corporations, Definition of Foreign Person, and Foreign Governments and International Organizations (temporary).

§ 1.897-8T Status as a U.S. real property holding corporation as a condition for electing section 897(i) pursuant to § 1.897-3 (temporary).

(a) Purpose and scope. This section provides a temporary regulation that if and when adopted as a final regulation, will be added to paragraph (b) of § 1.897-3. Paragraph (b) of this section would then appear as paragraph (b)(4) of § 1.897-3.

(b) General conditions. The foreign corporation upon making an election under section 897(i) (including any retroactive election) must qualify as a U.S. real property holding corporation as defined in paragraph (b)(1) of § 1.897-2.

(c) Effective Date. Section 1.897-8T shall be effective as of June 6, 1988, with respect to foreign corporations making an election under section 897(i) after May 5, 1988.

[T.D. 8198, 53 FR 16229, May 5, 1988]

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