[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR806.8]

[Page 19]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
    CHAPTER VIII--BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE
 
PART 806--DIRECT INVESTMENT SURVEYS--Table of Contents
 
Sec. 806.8  Real estate.

    Residential real estate held exclusively for personal use and not 
for profitmaking purposes is not subject to the reporting requirements 
of this part. A residence which was an owner's primary residence that is 
then leased by the owner while outside his/her country of usual 
residence but which the owner intends to reoccupy, is considered real 
estate held for personal use. Ownership of residential real estate by a 
corporation whose sole purpose is to hold the real estate and where the 
real estate is for the personal use of the individual owner(s) of the 
corporation, is considered real estate held for personal use. If a 
business enterprise, otherwise required to report, is in the form of 
real property not identifiable by name, reports are required to be filed 
by and in the name of the beneficial owner, or in the name of such 
beneficial owner by the intermediary of such beneficial owner.

[46 FR 23226, Apr. 24, 1981]