Security Trust & Sav. Bank v. Commissioner
United States Board of Tax Appeals
In an exchange, without reserve or contingency, of valuable capital stock, decedent acquired the right to an annuity for life. Held, the transaction was not a transfer to take effect at or after death and the gross estate should not be increased by a value attributable thereto.
1Opinion of the Court
SECURITY TRUST & SAVINGS BANK, FORMERLY EXECUTOR, ESTATE OF CHARLES A. GOODYEAR, AND NOW TRUSTEE OF CERTAIN ASSETS OF SAID ESTATE; FRED L. WALTER, EXECUTOR, ESTATE OF HENRIETTA GOODYEAR; FRED. L. WALTER AND JOSEPH E. WALTER, HEIRS AND SOLE BENEFICIARIES OF THE ESTATE OF HENRIETTA GOODYEAR, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Security Trust & Sav. Bank v. Commissioner
Docket No. 10304.
United States Board of Tax Appeals
11 B.T.A. 833; 1928 BTA LEXIS 3708;
April 26, 1928, Promulgated
In an exchange, without reserve or contingency, of valuable capital stock, decedent acquired…
2Cases cited1 opinion
- Security Trust & Sav. Bank v. CommissionerUnited States Board of Tax Appeals · 1928