Sloan v. Commissioner
United States Board of Tax Appeals
Where a lessee made substantial improvements in a leased building, with the consent of the lessor and pursuant to the terms of the lease, and such improvements became at once the property of the lessor, held, (1) the increased value of the property constituted gain to the lessor; (2) it was proper for the Commissioner to estimate the depreciated value of the improvements, as of the termination of the lease, and determine a deficiency in income for the taxable year in the…
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Where a lessee made substantial improvements in a leased building, with the consent of the lessor and pursuant to the terms of the lease, and such improvements became at once the property of the lessor, held, (1) the increased value of the property constituted gain to the lessor; (2) it was proper for the Commissioner to estimate the depreciated value of the improvements, as of the termination of the lease, and determine a deficiency in income for the taxable year in the amount of an aliquot part of that value.
1Opinion of the Court
JULIA WILLMS SLOAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Sloan v. Commissioner
Docket No. 84886.
United States Board of Tax Appeals
36 B.T.A. 370; 1937 BTA LEXIS 723;
July 27, ,1937, Promulgated
Where a lessee made substantial improvements in a leased building, with the consent of the lessor and pursuant to the terms of the lease, and such improvements became at once the property of the lessor, held, (1) the increased value of the property constituted gain to the lessor; (2) it was proper for the Commissioner to estimate the depreciated value of the improvements, as of the…
2Cases cited7 opinions
- Miller v. GearinCourt of Appeals for the Ninth Circuit · 1919
- Cryan v. WardellDistrict Court, N.D. California · 1920
- Slack v. CommissionerUnited States Board of Tax Appeals · 1937
- Morphy v. CommissionerUnited States Board of Tax Appeals · 1937
- Alexander v. CommissionerUnited States Board of Tax Appeals · 1928
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