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"Substantially owned" generally refers to the level of ownership in a business or asset where a specific individual or entity holds a significant percentage of control or equity, often defined by legal or regulatory standards. This term is frequently used in contexts such as tax law, securities regulation, and corporate governance to determine eligibility for certain benefits or compliance with specific rules. The exact percentage that constitutes "substantial" can vary depending on the relevant legal framework or context.

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1mo ago

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