Self v. United States

LITTLETON, Judge.

This is a suit to recover gift taxes paid by. plaintiff for the year 1951, in the amount of $918.23. The facts have been stipulated and. may be summarized as follows:

On November 23, 1948, plaintiff’s father transferred a block of common stock of a corporation called Greenwood Mills in trust, with the income from the trust fund to be paid to plaintiff for life, with remainders to plaintiff’s descendants, If any, and if none, to a charitable foundation. By this trust instrument plaintiff was given the right at any time during his life to appoint by deed all or part of the trust…