Sharp v. Commissioner
United States Board of Tax Appeals
1. Dividends declared on corporate stock before, but payable at a time after, the death of a stockholder, held, includable in the gross estate of the deceased stockholder for estate tax purposes. 2. Proceeds of an insurance policy in which no right of substitution of the beneficiary is reserved, but in which the insured has the right to surrender the policy and receive cash therefor, or to pledge it for loans equal to the surrender value, and in which the estate of the…
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1. Dividends declared on corporate stock before, but payable at a time after, the death of a stockholder, held, includable in the gross estate of the deceased stockholder for estate tax purposes. 2. Proceeds of an insurance policy in which no right of substitution of the beneficiary is reserved, but in which the insured has the right to surrender the policy and receive cash therefor, or to pledge it for loans equal to the surrender value, and in which the estate of the insured shall be the beneficiary, if the named beneficiary fails to survive the insured, held, includable in the gross estate…
1Opinion of the Court
EDITH HUGGARD SHARP, CHARLES C. NORRIS, JR., AND FIDELITY-PHILADELPHIA TRUST COMPANY, EXECUTORS, ESTATE OF WALTER P. SHARP, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Sharp v. Commissioner
Docket No. 48317.
United States Board of Tax Appeals
30 B.T.A. 532; 1934 BTA LEXIS 1304;
April 27, 1934, Promulgated
1. Dividends declared on corporate stock before, but payable at a time after, the death of a stockholder, held, includable in the gross estate of the deceased stockholder for estate tax purposes.
2. Proceeds of an insurance policy in which no right of substitution of the…
2Cases cited3 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Igleheart v. CommissionerUnited States Board of Tax Appeals · 1933
- Sharp v. CommissionerUnited States Board of Tax Appeals · 1934