Lahti v. Commissioner
United States Tax Court
1. Gift Tax. -- Grantor-petitioner was not subject to gift tax in 1942 where a part of the property which he and his wife had transferred in trust in 1934, subject to gift taxes at that time, was, pursuant to the terms of the 1934 trust, transferred in 1942 by the trustees of the 1934 trust to a new trust for the benefit of the petitioner's wife. 2. Gift Tax -- Settlement at Divorce. -- The transfer to a trust for the benefit of the petitioner's wife of a part of the…
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1. Gift Tax. -- Grantor-petitioner was not subject to gift tax in 1942 where a part of the property which he and his wife had transferred in trust in 1934, subject to gift taxes at that time, was, pursuant to the terms of the 1934 trust, transferred in 1942 by the trustees of the 1934 trust to a new trust for the benefit of the petitioner's wife. 2. Gift Tax -- Settlement at Divorce. -- The transfer to a trust for the benefit of the petitioner's wife of a part of the proceeds of the sale of their home made pursuant to a property settlement between the petitioner and his wife in connection…
1Opinion of the Court
OPINION.
Muedoce:, Judge'.
The Commissioner determined a deficiency of $6,247.89 in gift tax for the calendar year 1942. A stipulation of facts and nine exhibits, filed by the parties, are hereby adopted as findings of fact.
The petitioner filed a gift tax return for the calendar year 1942 with the collector of internal revenue for the district of Massachusetts, showing no tax due. The Commissioner, in determining the deficiency, held that the petitioner had made a gift of $47,000 through a transfer in trust for the benefit of his wife, Dorothy West Lahti, and others, and had also made a gift of…
2Cases cited2 opinions
- Jones v. CommissionerUnited States Tax Court · 1943
- Converse v. CommissionerUnited States Tax Court · 1945
3Cited by17 opinions
- McLean v. CommissionerUnited States Tax Court · 1948
- Estate of Barnard v. CommissionerUnited States Tax Court · 1947
- Beveridge v. CommissionerUnited States Tax Court · 1948
- Chase Nat'l Bank of New York v. CommissionerUnited States Tax Court · 1953
- Estate of Hazelton v. CommissionerUnited States Tax Court · 1957
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