QFTPQualifying Foreign-Trade Property (taxation)
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* Selling QFTP leased or rented for use outside the U.S.
943(a) defines QFTP as property manufactured, produced, grown or extracted within or outside the U.S., held for sale, lease or rental in the ordinary course of business for direct use, consumption or disposition outside the U.S., if not more than 50% of the fair market value is attributable to both:
However, foreign-made property is treated as QFTP if it is manufactured outside the U.S.
Also similar to the FSC rules, the following property is not treated as QFTP:
taxpayer can exclude certain property when allocating and apportioning interest expense, but only QFTP located outside the U.S.