 | United States. Internal Revenue Service - 1924 - 76 pages
...gifts exceed $10,000,000. SEC. 320. If the gift is made in property, the fair market value thereof at the date of the gift shall be considered the amount of the gift. Where property is sold or exchanged for less than a fair consideration in money or money's worth, then... | |
 | Lafayette Blanchard Gleason, Alexander Otis - 1925 - 1550 pages
...gifts exceed $10,000,000. SEC. 320. If the gift is made in property, the fair market value thereof at the date of the gift shall be considered the amount of the gift. Where property is sold or exchanged for less than a fair consideration in money or money 's worth,... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...gifts exceed $10,000,000. SEC. 320. If the gift is made in property, the fair market value thereof at the date of the gift shall be considered the amount of the gift. Where property is sold or exchanged for less than a fair consideration in money or money's worth, then... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...gifts exceed $10,000,000. SEC. 320. If the gift is made" in property, the fair market value thereof at the date of the gift shall be considered the amount of the gift. Where property is sold or exchanged for less than a fair consideration in money or money's worth, then... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...7. General. — The law provides that if the gift is made in property, the fair market value thereof at the date of the gift shall be considered the amount of the gift.57 DEPARTMENT RULING IT 2145 (IV-11-2074). 1925. Inquiry is made relative to the proper treatment... | |
 | United States. Internal Revenue Service - 1933 - 98 pages
...the power. 12 SEC. 506. GIFTS MADE IN PROPERTY. If the gift Is made in property, the value thereof at the date of the gift shall be considered the amount of the gift. ABT. 17. Gifts made in property. — A gift made in property is subject to the tax in the same manner... | |
 | United States. Bureau of Internal Revenue - 1936 - 104 pages
...property. — (1) General. — The statute provides that if the gift is made in property, the value thereof at the date of the gift shall be considered the amount of the gift. The value of the property is the price at which such property would change hands between a willing... | |
 | 1940 - 1806 pages
...property — (a) General. The statute provides that if the gift is made in property, the value thereof , or rights to property, subject to distraint, upon which a levy ha The value of the property is the price at which such property would change hands between a willing... | |
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Section 2512 provides that if a gift is made in property, its value at the date of the gift shall be considered the amount of the gift. 
