Slayton v. Commissioner
United States Board of Tax Appeals
A purported transaction in corporate shares between parents and child, held, under all the circumstances, lacking in intent to transfer ownership and therefore not a sale giving rise to a deduction for loss.
1Opinion of the Court
LUELLA HOYT SLAYTON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
VIRGINIA S. STRAW, HOVEY E. SLAYTON, JR., EDWARD F. MESSINGER, EXECUTORS OF THE ESTATE OF HOVEY E. SLAYTON, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Slayton v. Commissioner
Docket Nos. 57267, 57268.
United States Board of Tax Appeals
29 B.T.A. 931; 1934 BTA LEXIS 1457;
January 26, 1934, Promulgated
A purported transaction in corporate shares between parents and child, held, under all the circumstances, lacking in intent to transfer ownership and therefore not a sale giving rise to a…
2Cases cited1 opinion
- Slayton v. CommissionerUnited States Board of Tax Appeals · 1934