Asthmanefrin Co. v. Commissioner
United States Tax Court
Where, under Oregon law, there was no lien for taxes attached to real estate at the time of the acquisition of such property in April and there was no personal liability for such taxes, the vendee who purchased the property previous to the lien date, and paid the taxes in November of the taxable year, is entitled to deduct such taxes under section 23 (c), I. R. C. 1939, and is not required to add the amount of such taxes to the cost of the property.
1Opinion of the Court
Asthmanefrin Company, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Asthmanefrin Co. v. Commissioner
Docket No. 51339
United States Tax Court
25 T.C. 1139; 1956 U.S. Tax Ct. LEXIS 261;
February 29, 1956, Filed
Decision will be entered under Rule 50.
Where, under Oregon law, there was no lien for taxes attached to real estate at the time of the acquisition of such property in April and there was no personal liability for such taxes, the vendee who purchased the property previous to the lien date, and paid the taxes in November of the taxable year, is entitled to deduct such taxes…
2Cases cited1 opinion
- Asthmanefrin Co. v. CommissionerUnited States Tax Court · 1956