 | Philippines - Administrative law - 1945 - 1064 pages
...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 - 1960 - 618 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...property; in general. Section 2512 provides that if a gut is made in property, its value at the date of the gift shall be considered the amount of the gift.... | |
 | Administrative law - 1977 - 532 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...computing the amount of gifts made during the calendar quarter. [Sec. 2512 as amended by sec. 102(b)(1), Excise. Estate, and Gift Tax Adjustment Act 1970... | |
 | Administrative law - 2001 - 808 pages
...[TD 8819. 64 FR 23223, Apr. 30. 1999, as amended by TD 8886. 65 FR 36940. June 12. 2000] §25.2612-1 Valuation of property; in general. Section 2512 provides...value at the date of the gift shall be considered the §25.2512-2 amount of the gift. The value of tbe property is the price at which such property would... | |
 | United States, Walter Elbert Barton - Income tax - 1950 - 1126 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... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1953
...Section 1002 of 26 USC (1946 ed.) 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 chapter, be deemed a gift, and shall be included in computing... | |
 | United States. Tax Court - Law reports, digests, etc - 1969 - 1116 pages
...considered the amount of the gift. (b) Where property Is transferred for less thnn an adequate and full consideration In money or money's worth, then...the amount of gifts made during the calendar year. TSEC. 2501. IMPOSITION OF TAX. (a) TAXABLE TRANSFERS. — (1) GENERAL RULE. — For the calendar year... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1976 - 720 pages
...Revenue Code of 1954 provides as follows: Where property is transferred for less than an adequate and full consideration in money or money's worth, then...computing the amount of gifts made during the calendar quarter. Under section 25.2512-9 of the regulations, the various tables contained therein provide factors... | |
 | United States. Internal Revenue Service - Internal revenue - 1979 - 644 pages
...Section 2512(b) of the Code provides that where property is transferred for less than an adequate and full consideration in money or money's worth, then...value of the consideration shall be deemed a gift. A relinquishment of dower, or a statutory estate created in lieu of dower, in a spouse's property is... | |
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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, for the purpose of the tax imposed by this title,... 
