 | United States. Court of Claims - 1942 - 818 pages
...Section 113 (a) (3) provides that in the case of an inter vivos transfer in trust, the basis of valuation shall be the same as it would have been in the hands of the grantor. The effect of the two sections is that the transfers by the creator of the trust to the trustee... | |
 | William Miller Barr - 1898 - 430 pages
...in which they are usually delivered to the trade, and the firing in the test was as near as possible the same as it would have been in the hands of the purchaser, except that it was conducted with a view to ascertain the actual evaporative capacity of... | |
 | National Tax Association - 1922 - 622 pages
...property, while in the case of disposition of property acquired by gift since 1920 the basis is to be the same as it would have been in the hands of the donor. The deduction of losses in transactions entered into for profit but not connected with the trade... | |
 | James Irwin Tucker - 1923 - 360 pages
...it had been received, under a deed effective only after the grantor's death? 129. "The taxable basis shall be the same as it would have been in the hands of the last preceding owner, not receiving it as a gift." Explain occurrence and necessity for this Regulation.... | |
 | United States. Congress. Senate. Committee on Finance - 1924 - 468 pages
...underlying this paragraph is the same as that underlying the preceding paragraph and it provides that where a taxpayer transfers assets to a corporation in exchange...corporation shall be the same as it would have been in the bands of the transferer. "Under the existing law, if A owns an asset which costs him $10,000 and is... | |
 | United States. Congress. House. Committee on Ways and Means - 1925 - 1154 pages
...corporation so that no gain or loss is realized, the basis of the asset In the hands of the corporation Is the same as it would have been in the hands of the previous owner. Applying this provision to the above case would require that the corporation take up... | |
 | Nathan William MacChesney - 1927 - 960 pages
...(2) that when property acquired by gift is sold the basis for determining the gain or loss thereon shall be the same as it would have been in the hands of the donor or the last preceding owner by whom it was not acquired by gift, this provision has been held... | |
 | Robert Hiester Montgomery - 1925 - 1928 pages
...computing the gain or loss from the sale of property acquired by gift subsequent to December 31, 1920, is the same as it would have been in the hands of the donor or the last preceding owner by whom it was not acquired by gift. Accordingly, the same basis... | |
 | United States. Board of Tax Appeals - 1934 - 1512 pages
...within the reorganization provisions of the statute. Under the statutes the basis to the petitioner is the same as it would have been in the hands of the transferor had it retained the property, with adjustments for gain or loss recognized to the transferor in the... | |
 | United States. Congress. House. Committee on the Judiciary - 1937 - 450 pages
...property acquired by said corporation from the debtor pursuant to such plan, the "basis" of such property shall be the same as it would have been in the hands of the debtor. And by "basis" we mean the cost, depreciated on the March 1, 1913, value, which has a technical... | |
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Section 373(b)(1) sets forth certain conditions under which the basis of property acquired by a railroad corporation is the same as it would have been in the hands of the railroad corporation whose property was acquired. 
