 | United States. Supreme Court - Courts - 1940 - 894 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. 1 32 BTA 633. The Board found the depreciable life of the property to be fifty years, instead of forty... | |
 | United States. Court of Claims - Law reports, digests, etc - 1945 - 952 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. Opinion of the Court Treasury Regulations 86 and 94 provided as follows : ART. 23 (Z)-1. Depreciation.... | |
 | United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust Income allocable to each. * . * * * * (o) CHARITABLE AND OTHIB CONTRIBUTIONS. — In the case of an Individual, contributions... | |
 | United States - Finance - 1928 - 268 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. (1) Depletion. — In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1927 - 626 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. (For percentage depletion in case of oil and gas wells, see sec. 114 (b) (3).) REPORTS ON INTERNAL... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...beneficiaries and the trustee in accordance with the i>ertinent provisions of the instrument creating the trust, or, in the absence of such provisions,... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. (For percentage depletion, see section 114(b) (3) and (4).) (m) Basis for depreciation and depletion.—The... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1935 - 422 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
 | United States U.S. Congress. Senate. Committee on finance - 1935 - 420 pages
...property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the...on the basis of the trust income allocable to each. Our motive in suggesting this amendment rests in the conviction that greater activity of our durable-goods... | |
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In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in... 
