Gatens Inv. Co. v. Commissioner
United States Board of Tax Appeals
Under the law of the State of Oregon, the owner of property on March 1 is personally liable for the taxes thereon. Held, that a grantee who purchases real property in Oregon, after March 1 and before the tax is levied, acquires no right to deduct taxes paid by him based upon ownership in his grantor on March 1.
1Opinion of the Court
GATENS INVESTMENT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Gatens Inv. Co. v. Commissioner
Docket No. 78693.
United States Board of Tax Appeals
36 B.T.A. 309; 1937 BTA LEXIS 739;
July 13, 1937, Promulgated
Under the law of the State of Oregon, the owner of property on March 1 is personally liable for the taxes thereon. Held, that a grantee who purchases real property in Oregon, after March 1 and before the tax is levied, acquires no right to deduct taxes paid by him based upon ownership in his grantor on March 1.
Robert T. Jacob, Esq., for the petitioner.
Clay C. Holmes,…
2Cases cited1 opinion
- Gatens Inv. Co. v. CommissionerUnited States Board of Tax Appeals · 1937