Heiner v. Donnan

This case is here on á certificate from the Circuit Court of Appeals for the Third Circuit. On March 1, 1927, John W. Donnan, by complete and irrevocable gift inter vivos, transferred without .consideration certain securities to trustees for his four children, ,and also, without consideration, advanced a sum of money to his son. He died on December 23, 1928, less than two years after the gifts and advancement were made. The Commissioner of Intérnal Revenue included in the gross estate of decedent the value of the property transferred, and imposed a death transfer tax accordingly, on authority…