qualified ownership interest
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “qualified ownership interest” means an undivided interest for more than 50 years in the entire dwelling unit and appurtenant land being acquired in the transaction to which the shared equity financing agreement relates.
Source
- 1994–present26 U.S.C. § 280AInternal Revenue Code · Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc. · for purposes of this section