 | United States. Supreme Court - Courts - 1940 - 894 pages
...shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. 1 32 BTA 633. The Board found the depreciable life of the property to be fifty years, instead of forty... | |
 | United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
..."Depreciation" contains the following language : In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. It is the effect of plaintiff's position that the term "income beneficiaries" as here used refers to... | |
 | United States. Court of Claims - Law reports, digests, etc - 1945 - 952 pages
...beneficiaries and the trustee in accordance with the pertinent provisions of the will, deed, or other instrument creating the trust, or, in the absence...such provisions, on the basis of the trust income which is allocable to the trustees and the beneficiaries, respectively. For example, if the trust instrument... | |
 | Philippines - Law - 1986 - 492 pages
...trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustees in accordance with the pertinent provisions of the...such provisions, on the basis of the trust income allowable to each. (2) Use of certain methods and rates. — The term reasonable allowance as used... | |
 | United States - Finance - 1928 - 268 pages
...shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. (1) Depletion. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1927 - 626 pages
...shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. (For percentage depletion in case of oil and gas wells, see sec. 114 (b) (3).) REPORTS ON INTERNAL... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...beneficiaries and the trustee in accordance with the pertinent provisions of the will, deed, or other instrument creating the trust, or, in the absence...such provisions, on the basis of the trust income which is allocable to the trustee and the beneficiaries, respectively. For example, if the trust instrument... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...beneficiaries and the trustee in accordance with the pertinent provisions of the will, deed, or other instrument creating the trust, or, in the absence...such provisions, on the basis of the trust income which is allocable to the trustee and the beneficiaries, respectively. For example, if the trust instrument... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1935 - 422 pages
...shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
 | United States U.S. Congress. Senate. Committee on finance - 1935 - 420 pages
...shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
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In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions,... 
