[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR806.8]



[Page 20]

 

                  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]