Collateral Inheritance and Transfer Tax Law of the State of New York; Containing Original Act of 1885 with All Amendments, the Revision of 1892 with All Subsequent Amendments Prior to 1896, and the Codification of 1896 with All Subsequent

Collateral Inheritance and Transfer Tax Law of the State of New York; Containing Original Act of 1885 with All Amendments, the Revision of 1892 with All Subsequent Amendments Prior to 1896, and the Codification of 1896 with All Subsequent

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 edition. Excerpt: ...cannot refuse to testify in a proceeding before an appraiser for the appraisal of an estate 231 Test of value; appraisal of securities. upon the ground that such testimony may subject him to a penalty or forfeiture. Section 837 of Code of Civil Procedure does not apply. Matter of Emily M. Lord, N. Y. L. J., Power to issue a commission to take evidence.--'l'he surrogate has power to issue a commission to take the testimony of nonresident witnesses for use before an appraiser in a proceeding to fix a transfer tax upon the estate of a nonresident decedent. Matter of Wallace, 71 App. Div. 284. Appraiser may hear evidence as to debts.--An appraiser may hear evidence with regard to a decedent's debts, but only such of them are deductible as could have been enforced against the estate had payment been resisted by it. Matter of Wormser, 36 Misc. 434, 73 N. Y. Supp. 748. Value at time of transfer of title to be determined.--The true test of value by which the tax is to be measured is the value of the estate at the time of the transfer of title, and not the value at the time of the transfer of possession. Decision under Act of 1887. Matter of Davis, 149 N. Y. 539, 44 N. E. 185, affirming 91 Hun, 53, 71 St. Rep. 625, 36 N. Y. Supp. 822. If the interest subject to tax cannot be appraised immediately ' after its transfer, it is to be appraised at its fair and clear market. value at the date of its transfer, whenever such value can be ascertained. Decisions under Act of 1892. Matter of Sloane, 154 N. Y. 109, 47 N. E. 978, aflirming 19 App. Div. 411, 46 N. Y. Supp. 264. See also " Basis of Tax," p. 118. Appraisal of securities; Laws 1891, chap. 34, 1.--" Whenever by reason of the provisions of any...show more

Product details

  • Paperback | 146 pages
  • 189 x 246 x 8mm | 272g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123679561X
  • 9781236795618