Blaffer v. Commissioner
United States Board of Tax Appeals
Where a husband domiciled in Texas made a gift to an insurance trust of all of his right, title, and interest in and to life insurance policies, in which up to the date of the gift he had the right to change the beneficiary and to receive the cash surrender value of the policies, he is liable to gift tax upon the entire value of the policies and not upon one-half of such value.
1Opinion of the Court
R. L. BLAFFER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
SARAH CAMPBELL BLAFFER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Blaffer v. Commissioner
Docket Nos. 89317, 90945.
United States Board of Tax Appeals
38 B.T.A. 632; 1938 BTA LEXIS 843;
September 28, 1938, Promulgated
Where a husband domiciled in Texas made a gift to an insurance trust of all of his right, title, and interest in and to life insurance policies, in which up to the date of the gift he had the right to change the beneficiary and to receive the cash surrender value of the policies, he is liable…
2Cases cited1 opinion
- Blaffer v. CommissionerUnited States Board of Tax Appeals · 1938