§ 2519. Dispositions of certain life estates
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/usc/title-26/section-2519A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General rule For purposes of this chapter and chapter 11, any disposition of all or part of a qualifying income interest for life in any property to which this section applies shall be treated as a transfer of all interests in such property other than the qualifying income interest.
(b)Property to which this subsection applies This section applies to any property if a deduction was allowed with respect to the transfer of such property to the donor—
(1)under section 2056 by reason of subsection (b)(7) thereof, or
(2)under section 2523 by reason of subsection
(f)thereof.
(c)Cross reference For right of recovery for gift tax in the case of property treated as transferred under this section, see section 2207A(b).
(Added Pub. L. 97–34, title IV, § 403(d)(3)(B)(i), Aug. 13, 1981, 95 Stat. 304; amended Pub. L. 97–448, title I, § 104(a)(3), (7), Jan. 12, 1983, 96 Stat. 2380, 2381.)
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- Public Law 97–448To make technical corrections in the Economic Recovery Tax Act of 1981 and certain other recent tax legislation
- Public Law 97–34To amend the Internal Revenue Code of 1954 to encourage economic growth through reduction of the tax rates for individual taxpayers, acceleration of capital cost recovery of investment in plant, equipment, and real property, and incentives for savings, and for other purposes
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- Pub. L. 97–34, title IV, § 403(d)(3)(B)(i)
- 95 Stat. 304
- Pub. L. 97–448, title I, § 104(a)(3)
- 96 Stat. 2380
- Pub. L. 97–448, § 104(a)(3)(B)
- Pub. L. 97–34, § 403(d)(3)(B)(i)
- Pub. L. 97–448, § 104(a)(3)(A)
- Pub. L. 97–448, § 104(a)(7)
- Pub. L. 97–448
- Pub. L. 97–34
- section 109 of Pub. L. 97–448
- section 403(e)(2) of Pub. L. 97–34
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cites case law
§ 2519
Dispositions of certain life estates
Stat.×3
Pub. L.Pub. L. 97–34, title IV, § 403(d)(3)(B)(i)
Stat.95 Stat. 304
Pub. L.Pub. L. 97–448, title I, § 104(a)(3)
Stat.96 Stat. 2380
Pub. L.Pub. L. 97–448, § 104(a)(3)(B)
Cites 14 · showing 7Cited by 3 across 1 source