 | United States. Court of Claims - 1940 - 760 pages
...the deductions provided in section 505. Opinion of the Court (b) GIFTS LESS THAN $5,000. In the CESe of gifts (other than of future interests in property)...in the total amount of gifts made during such year. It was held by the Board of Tax Appeals in Seymour II. Knox v. Commissioner, 36 BTA 630, that where... | |
 | United States. Court of Claims - 1946 - 936 pages
...future interests in property) made to any person by the donor during the calendar year, the first $j,000 of such gifts to such person shall not, for the purposes...in the total amount of gifts made during such year. Article 11, Treasury Department Kegulations 79 (1936 Edition), relating to the exclusions under Section... | |
 | United States. Court of Claims - 1941 - 708 pages
...any person by the donor during the calendar year, the first $5,000 of such gifts . . . shall not ... be included in the total amount of gifts made during such year." In 1932 the taxpayer, respondent here, created a trust for the benefit of his eight grandchildren and... | |
 | United States. Internal Revenue Service - 1933 - 98 pages
...intent, shall be considered as made for an adequate and full consideration in money or money's worth. SEC. 504. NET GIFTS. (a) General definition. — The...in the total amount of gifts made during such year. AKT. 9. Net gifts. — The tax is computed (see articles 5, 6, and 7) upon the amount of the donor's... | |
 | United States. Bureau of Internal Revenue - 1936 - 104 pages
...wholly disregarded, and the entire value of the property transferred constitutes the amount of the gift. SEC. 504. NET GIFTS. (a) General definition. — The...in the total amount of gifts made during such year. ART. 9. Net gifts. — The tax is computed upon the amount of the donor's net gifts (see articles 5,... | |
 | United States - 1939 - 780 pages
...property) made to any person by the donor during the calendar year 1938 and previous calendar years, the first $5,000 of such gifts to such person shall...in the total amount of gifts made during such year. (2) GIFTS AFTER 1938. — In the case of gifts (other than gifts in trust or of future interests in... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...any person by the donor during the calendar year 1939 and subsequent calendar years, the first $4,000 of such gifts to such person shall not, for the purposes...in the total amount of gifts made during such year. SEC. 1004. DEDUCTIONS. In computing net gifts for the calendar year 1939 and preceding calendar years,... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...interests in property) made to any person by the donor during the calendar year, the first $6?OOO $4,000 of such gifts to such person shall not, for the purposes...the total amount of gifts made during such year." (b) The amendment made by subsection (a) of this section shall be applied in computing the tax for... | |
 | 1939 - 1030 pages
...during the calendar year, less the deductions provided in section 505. (b) Gifts less than $5,000. 1n the case of gifts (other than of future interests...the total amount of gifts made during such year." "Section 504 (b) of the Revenue Act of 1932 was amended by section 505 of the Revenue Act of 1938,... | |
 | United States - 1953 - 1744 pages
...property) made to any person by the donor during the calendar year 1938 and previous calendar years, G.P.O. 1001 Page 3639 §1004 (2) Gifts after 1938 and prior to 1943. In the case of gifts (other than gifts... | |
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In the case of gifts (other than of future interests in property) made to any person by the donor during the calendar year, the first $5,000 of such gifts to such person shall not, for the purposes of subsection (a), be included in the total amount of... 
