Brown v. Commissioner
United States Board of Tax Appeals
1. ESTATE TAX. - The amount paid to a trustee for management of a trust estate created by decedent during his lifetime is held to constitute a reduction of the trust property in determining the value at which it is to be included in the gross estate. 2. Id. - Amounts paid by the trustees out of the trust fund for the erection of a church, and to other institutions, under a power conferred upon them in the trust instrument to distribute the residue of the trust property in…
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1. ESTATE TAX. - The amount paid to a trustee for management of a trust estate created by decedent during his lifetime is held to constitute a reduction of the trust property in determining the value at which it is to be included in the gross estate. 2. Id. - Amounts paid by the trustees out of the trust fund for the erection of a church, and to other institutions, under a power conferred upon them in the trust instrument to distribute the residue of the trust property in such way and at such time or times as they, in their unrestricted judgment may deem best, are not deductible under section…
1Opinion of the Court
REYNOLDS D. BROWN, ADMINISTRATOR, ESTATE OF HENRY W. BROWN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Brown v. Commissioner
Docket No. 33042.
United States Board of Tax Appeals
20 B.T.A. 47; 1930 BTA LEXIS 2207;
June 13, 1930, Promulgated
1. ESTATE TAX. - The amount paid to a trustee for management of a trust estate created by decedent during his lifetime is held to constitute a reduction of the trust property in determining the value at which it is to be included in the gross estate.
2. Id. - Amounts paid by the trustees out of the trust fund for the erection of a church, and to…
2Cases cited1 opinion
- Brown v. CommissionerUnited States Board of Tax Appeals · 1930