Kessler v. Commissioner
United States Board of Tax Appeals
GIFT INTER VIVOS. - Where petitioner endorsed in blank a certificate of beneficial interest in an oil lease and delivered same to the trustee with instructions to transfer title to a one-half interest therein to his wife and one half to an employee, and such transfers were thereupon made upon the records of the trustee, held, petitioner made a valid gift to the donees of his beneficial interest in the lease and not of the proceeds from the subsequent sale of the lease.
1Opinion of the Court
J. M. KESSLER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kessler v. Commissioner
Docket No. 52640.
United States Board of Tax Appeals
31 B.T.A. 849; 1934 BTA LEXIS 1024;
December 6, 1934, Promulgated
GIFT INTER VIVOS. - Where petitioner endorsed in blank a certificate of beneficial interest in an oil lease and delivered same to the trustee with instructions to transfer title to a one-half interest therein to his wife and one half to an employee, and such transfers were thereupon made upon the records of the trustee, held, petitioner made a valid gift to the donees of his…
2Cases cited1 opinion
- Kessler v. CommissionerUnited States Board of Tax Appeals · 1934