foreign ownership percentage
Defined in 1 place of the United States Code.
The term “foreign ownership percentage” means that percentage of the stock of the qualified investment entity which was held (directly or indirectly) by foreign persons at the time during the testing period during which the direct and indirect ownership of stock by foreign persons was greatest.
Source
- 2005–present26 U.S.C. § 897Internal Revenue Code · Disposition of investment in United States real property · for purposes of this section
The term “foreign ownership percentage” means that percentage of the stock of the REIT which was held (directly or indirectly) by foreign persons at the time during the testing period during which the direct and indirect ownership of stock by foreign persons was greatest.
Source
- 1994–200526 U.S.C. § 897Internal Revenue Code · Disposition of investment in United States real property · for purposes of this section