Real Property Holding Company

Summary of Real Property Holding Company

A foreign corporation (i.e., not chartered in the United States) in which a Domestic International Sales Corporation (read this and related legal terms for further details), or DISC, controls more than 50 percent of the voting stock, the sole purpose of the foreign corporation being to hold title to non-U.S. real property used exclusively by the DISC. The property is not considered as being used exclusively by the DISC if it is leased to any party other than a related supplier that accounts for at least 90 percent of the qualified export receipts of a DISC.

(Main Author: William J. Miller)