 Where property is transferred for less than an adequate and full consideration in money or money's worth, then the amount by which the value of the property exceeded the value of the consideration shall be deemed a gift, and shall be included in computing...  Reports of the Tax Court of the United States - Page 556by United States. Tax Court - 1957Full view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1930 - 854 pages
...shall be considered the amount of the gift. Where property is sold or exchanged for less than a fair consideration in money or money's worth, then the amount by which the fair market value of the property exceeded the consideration received shall, for the purpose of the... | |
 | Philippines - Law - 1981 - 138 pages
...adequate and full consideration in money or money's worth, then the amount by which the fail, market value of the property exceeded the value of the consideration...the amount of gifts made during the calendar year." SEC. 25. Section 126 (a) of the National Internal Revenue Code is hereby amended to read as follows... | |
 | Philippines - Law - 1986 - 492 pages
...other than real property referred to in Section 21 (e), is transferred for less than an adequate and full consideration in money or money's worth, then the amount by which the fair market value of the property exceeds the value of the consideration shall, for the purpose of... | |
 | Wisconsin - Law - 1945 - 1252 pages
...property exceeded the consideration received shall, for the purpose of the tax imposed by this section, be deemed a gift and shall be included in computing the amount of gifts made during the year. (4) (e) * * * The tax, however, at the rates specified by subsections (3) and (4) shall not exceed... | |
 | Taxation - 1948 - 1762 pages
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 | Taxation - 1946 - 1776 pages
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