Richardson v. Commissioner
United States Board of Tax Appeals
A husband and wife held several pieces of real estate at the time of the husband's death, either as joint tenants or as tenants by the entirety, in some of which the wife had acquired a joint legal interest from her husband and in some of which she had acquired a legal interest jointly with him at the same time that he had acquired his interest.
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A husband and wife held several pieces of real estate at the time of the husband's death, either as joint tenants or as tenants by the entirety, in some of which the wife had acquired a joint legal interest from her husband and in some of which she had acquired a legal interest jointly with him at the same time that he had acquired his interest. Held that in computing the value of the gross estate of the husband no part of the value of the property may be excepted, under the provisions of section 302(e), Revenue Act of 1926, as the evidence does not show that the wife furnished some certain…
1Opinion of the Court
*248OPINION.
MuRdock:
The evidence does not show that the Commissioner erred in valuing the property at 1337 Connecticut Avenue and the 500 shares of stock of the Union Trust Co. On the contrary there is evidence supporting his valuations. No question was raised as to the value of the Duxbury property. The value placed by the *249Commissioner upon the residential property at Grant Road was too high and a lower value, based upon the evidence in the record, has been found. This property had an area of 21.14 acres, whereas the witnesses at times had in mind only 17.691 acres. Due allowance has been made…
2Cases cited14 opinions
- Tyler v. United StatesSupreme Court of the United States · 1930
- Gwinn v. CommissionerSupreme Court of the United States · 1932
- Phillips v. Dime Trust & Safe Deposit Co.Supreme Court of the United States · 1931
- Settle v. SettleCourt of Appeals for the D.C. Circuit · 1925
- American Sec. & Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1931
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3Cited by1 opinion
- Richardson v. CommissionerUnited States Board of Tax Appeals · 1934