Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle B - Regulations Relating to Money and Finance |
Chapter V - Office of Foreign Assets Control, Department of the Treasury |
Part 560 - Iranian Transactions and Sanctions Regulations |
Subpart E - Licenses, Authorizations, and Statements of Licensing Policy |
§ 560.543 - Sale of certain real and personal property in Iran and transfer of related funds to the United States.
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§ 560.543 Sale of certain real and personal property in Iran and transfer of related funds to the United States.
(a) Individuals who are U.S. persons are authorized to engage in transactions necessary and ordinarily incident to the sale of real and personal property in Iran and to transfer the proceeds to the United States, provided that such real and personal property was either acquired before the individual became a U.S. person , or inherited from persons in Iran. Authorized transactions include , but are not limited to, engaging the services of any persons in Iran necessary for the sale, such as an attorney, funds agent, and/ or real estate broker.
(b) This section does not authorize:
(1) The wind-down of commercial enterprises in Iran;
(2) The re-investment in Iran of the proceeds from the real or personal property sales authorized in paragraph (a) of this section; or
(3) The exportation or reexportation to Iran of any goods (including software) or technology.
[77 FR 64666, Oct. 22, 2012, as amended at 83 FR 55271, Nov. 5, 2018]