Skip to main content
Find a Lawyer

Indiana Code Title 5. State and Local Administration § 5-28-29-10

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 10. 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.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-28-29-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-28-29-10/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard