 | United States. Court of Claims - Law reports, digests, etc - 1942 - 818 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...applicable to the year in which the transfer was made. * * * For some years prior to 1925 the plaintiff was the manufacturer of steel piping. In that year,... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1955 - 928 pages
...centum or more remained in the same persons or any of them, then the hasis shall be the same as it would be in the hands of the transferor, increased in the...applicable to the year in which the transfer was made. This paragraph shall not apply if the property acquired consists of stock or securities in a corporation... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...the amount of loss recognized to the transferor upon :^uch transfer under the law applicable to the year in which the transfer was made; (8) If the property... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...of such property to the corporation was property or money in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made ; (9) If the property consists of stock or securities distributed after December 31, 1923, to a taxpayer... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (8) If the property (other than stock or securities in a corporation a party to a reorganization) was... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1925 - 1154 pages
...interest or control in such property of 80 per cent or more remained in the same persons or any of them, then the basis shall be the same as it would be in...recognized to the transferor upon such transfer under the lawapplicable to the year in which the transfer was made. "(8) If the property (other than stock or... | |
 | John F. Sherwood - Income tax - 1925 - 206 pages
...interest or control in such property of 80 per centum or more remained in the same persons or any of them, then the basis shall be the same as it would be in...the amount of loss recognized to the transferor upon s uch transfer under the law applicable to the year in which the transfer was made; (8) If the property... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...determining gain or loss from the sale or other disposition of the property shall be the same as it would be in the hands of the transferor, increased in the...to the transferor upon such transfer under the law which was applicable to the year in which the transfer was made. Example. — A corporation owns property... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...of such property to the corporation was property or money in addition to such stock or securities) , then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (9) If the property consists of stock or securities distributed after December 31, 1923, to a taxpayer... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...of such property to the corporation was property or money, in addition to such stock or securities), then the basis shall be the same as it would be in...applicable to the year in which the transfer was made; (9) TAX-FREE DISTRIBUTIONS. — If the property consists of stock or securities distributed after December... | |
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... (B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer... 
