| United States. Supreme Court - Courts - 1940 - 894 pages
...tear of property used in the trade or business, including a reasonable allowance for obsolescence. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
| United States. Court of Claims - Law reports, digests, etc - 1948 - 886 pages
...tear of property used In the trade or business. Including a reasonable allowance for obsolescence. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
| United States. Court of Claims - Law reports, digests, etc - 1945 - 952 pages
...the Court Treasury Regulations 86 and 94 provided as follows : ART. 23 (Z)-1. Depreciation. — . ... In the case of property held by one person for life with remainder to another person, the deduction for depreciation shall be computed as if the life tenant were the absolute owner of the property so... | |
| Philippines - Law - 1986 - 492 pages
...and tear (including reasonable allowance for obsolescence) of property used in the trade or business. In the case of property held by one person for life...were the absolute owner of the property and shall be slaved to the life tenant. In the case of property held in trust, the allowable deduction shall be... | |
| United States - Finance - 1928 - 268 pages
...tear of property used in the trade or business, including a reasonable allowance for obsolescence. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1927 - 626 pages
...Secretary. In the case of leases the deduction shall be equitably apportioned between the lessor and lessee. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
| United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...section 113 and articles 591-604. Due regard must also be given to expenditures for current upkeep. In the case of property held by one person for life with remainder to another person, the deduction for depreciation shall be computed as if the life tenant were the absolute owner of the property so... | |
| United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...section 113 and articles 591-606. Due regard must also be given to expenditures for current upkeep. In the case of property held by one person for life with remainder to another person, the deduction for depreciation shall be computed as if the life tenant were the absolute owner of the property so... | |
| United States. Congress. Senate. Committee on Finance - Finance - 1935 - 422 pages
...full cost of any property actually acquired after September 1, 1935, and prior to December 31, 1936. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
| United States U.S. Congress. Senate. Committee on finance - 1935 - 420 pages
...full cost of any property actually acquired after September 1, 1935, and prior to December 31, 1936. In the case of property held by one person for life...were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be... | |
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