Burnet v. Brooks

Respondents contested the determination of the Commissioner of Internal Revenue in including in the gross éstate of decedent certain intangible property. Decedent, who died in October, 1924, was a subject of Great Britain and a resident of Cuba. He was not engaged in business in the United States. The property in question consisted of securities, viz., bonds of foreign corporations, bonds of foreign governments, bonds of domestic corporations and of a domestic municipality, and stock in a foreign corporation, and also of a balance of. a cash deposit. Some of the securities, consisting of a…