 | United States. Internal Revenue Service - Gifts - 1933 - 98 pages
...an adequate and full consideration. — Where property is transferred for less than an adequate and full consideration in money or money's worth, then...the property exceeded the value of the consideration constitutes a gift within the meaning of the statute. If the consideration is not reducible to a money... | |
 | United States. Bureau of Internal Revenue - Gifts - 1936 - 104 pages
...LESS THAN ADEQUATE AND FULL CONSIDERATION. Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this title, be deemed a gift, and shall be included in computing... | |
 | United States - Session laws - 1939 - 780 pages
...LESS THAN ADEQUATE AND FULL CONSIDERATION. Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this chapter, be deemed a gift, and shall be included in computing... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...LESS THAN ADEQUATE AND FULL CONSIDERATION. Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this chapter, be deemed a gift, and shall be included in computing... | |
 | Administrative law - 1939 - 1030 pages
...LESS THAN ADEQUATE AND FULL CONSIDERATION. Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this title, be deemed a gift, and shall be included in computing... | |
 | United States - Law - 1983 - 968 pages
...considered the amount of the gift. (b) Where property is transferred for less than an adequate and full consideration in money or money's worth, then...the amount of gifts made during the calendar year. (c) Cross reference For individual's right to be furnished on request a statement regarding any valuation... | |
 | United States - Law - 1953 - 1744 pages
...less than adequate and full consideration. Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this chapter, be deemed a gift, and shall be included in computing... | |
 | United States. Board of Tax Appeals - Taxation - 1941 - 1630 pages
...503 of the Revenue Act of 1932 provides : Where property Is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax Imposed by this title, be deemed a gift, and shall be Included In computing... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1943 - 904 pages
...1932 Act, 47 Stat. 169, provides that "Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall, for the purpose of the tax imposed by this title, be deemed a gift, . . ." This language is interpreted... | |
 | United States. Supreme Court - Taxation - 1945 - 446 pages
...1932 Act, 47 Stat. 169, provides that "Where property is transferred for less than an adequate and full consideration in money or money's worth, then...property exceeded the value of the consideration shall for the purpose of the tax imposed by this title, be deemed a gift, . . ." This language is interpreted... | |
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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... 
