[DOWNLOAD] "Commissioner of Internal Revenue v. Becks Estate" by United States Court of Appeals for the Second Circuit # Book PDF Kindle ePub Free

📘 Read Now     📥 Download

eBook details

• Title: Commissioner of Internal Revenue v. Becks Estate
• Author : United States Court of Appeals for the Second Circuit
• Release Date : January 24, 1942
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

The Gift Tax Act of 1932, §§ 501(a) and (b) and 506, 26 U.S.C.A.Int.Rev. Acts, pages 580, 588, imposes a tax on "the transfer * * * of property by gift * * * whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible * * * "; and provides that "if the gift is made in property, the value thereof at the date of the gift shall be considered the amount of the gift." The Senate and House Reports relating to that Act stated: "The terms property, transfer, gift, and indirectly [in § 501] are used in the broadest and most comprehensive sense; the term property reaching every species of right or interest protected by law and having an exchangeable value." No language can be imagined which would more plainly subject the trust here to the gift tax. Cf. Commissioner v. Marshall, 2 Cir., 125 F.2d 943, 945.

PDF Ebook Download "Commissioner of Internal Revenue v. Becks Estate" Online ePub Kindle