Source: https://www.law.cornell.edu/uscode/text/26/2519?quicktabs_8=2
Timestamp: 2016-04-30 05:50:03
Document Index: 425785680

Matched Legal Cases: ['§ 2519', '§ 2519', '§ 2519', '§\u202f2519', '§\u202f403', '§\u202f104', '§\u202f104', '§\u202f403', '§\u202f104', '§\u202f104']

26 U.S. Code § 2519 - Dispositions of certain life estates | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle B › Chapter 12 › Subchapter B › § 2519 26 U.S. Code § 2519 - Dispositions of certain life estates
§ 2519.
Dispositions of certain life estates
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 appliesThis section applies to any property if a deduction was allowed with respect to the transfer of such property to the donor—
under section 2056 by reason of subsection (b)(7) thereof, or
under section 2523 by reason of subsection (f) thereof.
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.)
1983—Pub. L. 97–448, § 104(a)(3)(B), amended directory language of Pub. L. 97–34, § 403(d)(3)(B)(i), to clarify that this section be inserted at end of subchapter B of chapter 12, rather than at end of subchapter B of chapter 11, and did not involve any change in text.
Subsec. (a). Pub. L. 97–448, § 104(a)(3)(A), substituted “For purposes of this chapter and chapter 11, any disposition” for “Any disposition” and “treated as a transfer of all interests in such property other than the qualifying income interest” for “treated as a transfer of such property”.
Subsec. (c). Pub. L. 97–448, § 104(a)(7), added subsec. (c).
Section applicable to gifts made after Dec. 31, 1981, see section 403(e)(2) of Pub. L. 97–34, set out as an Effective Date of 1981 Amendment note under section 2056 of this title.