Modifications to Treatment of Aircraft and Vessel Leasing Income
other · IRS · Rule · Published 2011-05-06 · Effective 2011-05-06 · 76 FR 26178
Document
Document number
2011-11164
Federal Register citation
76 FR 26178
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2011-05-06
Effective date
2011-05-06
Treasury docket
TD 9525
Abstract
This document contains final regulations addressing the treatment of certain income and assets related to the leasing of aircraft or vessels in foreign commerce. The regulations reflect statutory changes made by the American Jobs Creation Act of 2004. In general, the regulations will affect United States shareholders of controlled foreign corporations that derive income from the leasing of aircraft or vessels in foreign commerce and U.S. persons that transfer property subject to these leases to a foreign corporation.