 | United States - Law - 1964 - 1098 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as If the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. In the case of an estate, the allowable deduction shall be apportioned between the estate and the heirs,... | |
 | United States - Law - 1965 - 1110 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. In the case of an estate, the allowable deduction shall be apportioned between the estate and the heirs,... | |
 | United States - Law - 1953 - 1744 pages
...computed as if the life tenant were the absolute owner of the property and shall be allowed to the Ufe owed and the time for beginning suit with respect...the recovery of such amount Is pending on the date (m) Depletion. In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
 | United States. Board of Tax Appeals - Taxation - 1941 - 1356 pages
...determine the amount of income to be distributed in any year. This placing of the trust income under deduction shall be apportioned between the Income...on the basis of the trust Income allocable to each. (m) DEPLBTION. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
 | United States. Tax Court - Law reports, digests, etc - 1943 - 1262 pages
...if there was none, as finally determined, yet she was, in our opinion, entitled to the depreciation and shall be allowed to the life tenant. In the case...trust, or In the absence of such provisions, on the basts of the trust income allocable to each. under the Site Carol case. We there quoted the Senate... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...tenant. In the case of property held in trust the allojvable deduction shall be apportioned between the income beneficiaries and the trustee in accordance... | |
 | Philippines - Administrative law - 1945 - 1064 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. (2) Depreciation deductible by nonresident aliens or foreign corporations.— In the case of a nonresident... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. For percentage depletion allowable under this subsection, see section 114 (b), (3) and (4). [For depletion... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. [For allowance for amortization in lieu of depreciation, see section 124 (a, c, d, g, h). For limit... | |
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In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in... 
