Indiana § 5-28-29-10 "Passive real estate ownership"

Indiana Statutes

§ 5-28-29-10 — "Passive real estate ownership"

Indiana § 5-28-29-10

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 29Capital Access Program

This text of Indiana § 5-28-29-10 ("Passive real estate ownership") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-28-29-10 (2026).

Text

As used in this chapter, "passive real estate ownership" means ownership of real estate for the purpose of deriving income from speculation, trade, or rentals, except that the term does not include the following:

(1)Ownership of that part of real estate being used or intended to be used for the operation of the business of the owner of the real estate.

(2)Ownership of real estate for the purpose of construction or renovation until the completion of the construction or renovation phase.

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As used in this chapter, "passive real estate
ownership" means ownership of real estate for the purpose of deriving
income from speculation, trade, or rentals, except that the term does not
include the following:
(1) Ownership of that part of real estate being used or intended to
be used for the operation of the business of the owner of the real
estate.
(2) Ownership of real estate for the purpose of construction or
renovation until the completion of the construction or renovation
phase.