Hunter v. Commissioner
United States Tax Court
Petitioners owned ranches located within the boundaries of Grand Teton National Park. The National Park Service launched a program to acquire all such properties located within the park, and negotiated with petitioners to buy their land. Petitioners desired to continue to use their properties during their lives, and the Government, acting through the Superintendent of Grand Teton National Park, gave the petitioners the option to retain limited life estates in their ranches.
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Petitioners owned ranches located within the boundaries of Grand Teton National Park. The National Park Service launched a program to acquire all such properties located within the park, and negotiated with petitioners to buy their land. Petitioners desired to continue to use their properties during their lives, and the Government, acting through the Superintendent of Grand Teton National Park, gave the petitioners the option to retain limited life estates in their ranches. Petitioners then, in 1957, sold the properties to the United States, retaining limited life estates. Held: Although…
1Opinion of the Court
Eileen M. Hunter, Petitioner, v. Commissioner of Internal Revenue, Respondent; Frank H. Galey and Inge F. Galey, Petitioners, v. Commissioner of Internal Revenue, Respondent
Hunter v. Commissioner
Docket Nos. 94456, 94632
United States Tax Court
44 T.C. 109; 1965 U.S. Tax Ct. LEXIS 96;
April 27, 1965, Filed
Decisions will be entered under Rule 50.
Petitioners owned ranches located within the boundaries of Grand Teton National Park. The National Park Service launched a program to acquire all such properties located within the park, and negotiated with petitioners to buy their land. Petitioners…
2Cases cited9 opinions
- Thomas v. PerkinsSupreme Court of the United States · 1937
- Welsh Homes, Incorporated, and v. Commissioner of Internal Revenue, AndCourt of Appeals for the Fourth Circuit · 1960
- Perkins v. ThomasCourt of Appeals for the Fifth Circuit · 1936
- Weish Homes, Inc. v. CommissionerUnited States Tax Court · 1959
- Columbia Oil & Gas Co. v. Commissioner of Internal Rev.Court of Appeals for the Fifth Circuit · 1941
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