| United States. Board of Tax Appeals - 1930 - 1554 pages
...within the net estate subject to estate tax and has accordingly determined a deficiency of $113,171.61. SEC. 403. That for the purpose of the tax the value of the net estate shall be determined — (3) The amount of nil bequests, legacies, devises, or transfers, except bnna fide sales for a fair... | |
| United States. Board of Tax Appeals - 1934 - 1508 pages
...herein. OPINION. SMITH : Section 303 of the Kevenue Act of 1926 provides in part as follows : SEC. 303. For the purpose of the tax the value of the net estate...of the gross estate — ******* (3) The amount of bequests * * * to a trustee or trustees * * * exclusively for * * * charitable purposes, * * • The... | |
| 1921 - 1000 pages
...his death of all property, real or personal, tangible or intangible, wherever situated." Section 203: "For the purpose of the tax the value of the net estate...of a resident, by deducting from the value of the gross estate (1) such amounts for funeral expenses, administration expenses, claims against the estate,... | |
| United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...not be deemed a consideration "in money or money's worth", see section 812 (b). SEC. 812. NET ESTATE. For the purpose of the tax the value of the net estate shall be determined, in the case of a citizen or resident of the United States by deducting from the value of the gross... | |
| 1925 - 924 pages
...imposed by the Act ie, a tax "upon the transfer of the net estate" of the decedent. |400; '40 Stat. 1096. "For the purpose of the tax the value of the net estate shall be determined" by deducting certain allowances from the gross estate, t 403. By S 402 "the value of the gross estate... | |
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