Alexander v. Commissioner
United States Board of Tax Appeals
After the death of her husband in 1929 Kate H. Alexander, decedent herein, was the owner of a parcel of real estate in the city of Louisville, Kentucky, which had been leased by her husband to tenants for a term of 99 years. One of the terms of the lease was that the tenants should erect a building on the premises at their own cost, which they did.
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After the death of her husband in 1929 Kate H. Alexander, decedent herein, was the owner of a parcel of real estate in the city of Louisville, Kentucky, which had been leased by her husband to tenants for a term of 99 years. One of the terms of the lease was that the tenants should erect a building on the premises at their own cost, which they did. After the depression came, the rentals under the lease became very burdensome, and in 1932 the lessee assigned the lease to an insolvent corporation. The decedent contested the validity of this assignment in the courts and in 1933 the lower court…
1Opinion of the Court
ESTATE OF KATE H. ALEXANDER, DECEASED, SECURITY TRUST COMPANY, A CORPORATION, JAMES H. ALEXANDER AND ALEXANDER J. ALEXANDER, EXECUTORS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Alexander v. Commissioner
Docket No. 103991.
United States Board of Tax Appeals
47 B.T.A. 50; 1942 BTA LEXIS 741;
June 9, 1942, Promulgated
After the death of her husband in 1929 Kate H. Alexander, decedent herein, was the owner of a parcel of real estate in the city of Louisville, Kentucky, which had been leased by her husband to tenants for a term of 99 years. One of the terms of the lease was that the…
2Cases cited1 opinion
- Estate of Alexander v. CommissionerUnited States Board of Tax Appeals · 1942