Negotiated arm's-length arrangements.

Negotiated arm's-length arrangements. Use by a nongovernmental person pursuant to an arrangement, other than an arrangement resulting in ownership of financed property by a nongovernmental person, is not private business use if
(A) The term of the use under the arrangement, including all renewal options, is not longer than 50 days;
(B) The arrangement is a negotiated arm's-length arrangement, and compensation under the arrangement is at fair market value; and
(C) The property is not financed for a principal purpose of providing that property for use by that nongovernmental person.

Source

26 CFR § 1.141-3


Scoping language

None
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