 | Law reports, digests, etc - 1927 - 1018 pages
...territory or foreign jurisdiction." Section 249-c of the Tax Law (as added by Laws 1925, c. 320) says that: "For the purpose of the tax the value of the net estate shall be determined by deducting from the value of the gross estate : • • • Amounts for funeral expenses, administration... | |
 | United States - Finance - 1928 - 268 pages
...such transaction, over the value of the consideration received therefor by the decedent. SBC. 303. For the purpose of the tax the value of the net estate...expenses, claims against the estate, unpaid mortgages upon, or any indebtedness in respect to, property (except, in the case of a resident decedent, where... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1582 pages
...pertinent provisions of the 1921 Revenue Act relative to this matter are the following : SBC. 403. That for the purpose of the tax the value of the net estate shall be determined — (a) In ih" case of a resident, by deducting from the value of the gross «ate— • • • ... m •••'».... | |
 | United States - Law - 1928 - 1164 pages
...2, 1П24." Section 303 of the Revenue Act of 1924, referred to above, as codified, read as follows: "For the purpose of the tax the value of the net estate shall be determined — "(a) Residents; deductions; exemption. — In the case of a resident, by deducting from the value of the... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1560 pages
...: Swx 403. That for the purpose of the tax the value of the net estate shall be determined — («) In the case of a resident, by deducting from the value of the gross estate— • ****** (2) An amount eqnnl to the value of any property forming a part of the gross... | |
 | United States. Internal Revenue Service - Inheritance and transfer tax - 1929 - 176 pages
...the decedent's death. (See Arts. 15 to 20, inclusive.) DEDUCTIONS—ESTATES OF NONRESIDENTS SEC. 303. For the purpose of the tax the value of the net estate shall be determined— * * * (b) In the case of a nonresident, by deducting from the value of that part of his gross estate... | |
 | United States. Board of Tax Appeals - Taxation - 1931 - 1490 pages
...the issue in this proceeding is section 403 of the Revenue Act of 1921, which, so far as material, reads as follows : That for the purpose of the tax...of a resident, by deducting from the value of the gross estate — ******* (2) An amount equal to the value of any property forming a part of the gross... | |
 | United States. Supreme Court - Law reports, digests, etc - 1932 - 720 pages
...under the Inheritance Tax Act of 1913, 'Act of September 8, 1916, 39 Stat. 756, 778, c. 463: "Sec. 203. That for the purpose of the tax the value of the net...expenses, claims against the estate, unpaid mortgages . . . and such other charges against the estate, as are allowed by the laws of the jurisdiction . .... | |
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That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value of the gross estate... 
