Treasury Regulations (26 C.F.R.)
26 CFR § 25.2523(h)-1
Denial of double deduction.
Official textecfr.govlast amended
The value of an interest in property may not be deducted for Federal gift tax purposes more than once with respect to the same donor. For example, assume that D, a donor, transferred a life estate in a farm to D's spouse, S, with a remainder to charity and that D elects to treat the property as qualified terminable interest property. The entire value of the property is deductible under section 2523(f). No part of the value of the property qualifies for a charitable deduction under section 2522 for gift tax purposes.
[T.D. 8522, 59 FR 9663, Mar. 1, 1994]
Source: view the official text
In this part (40 sections)
- 25.2518-2 · Requirements for a qualified disclaimer.
- 25.2518-3 · Disclaimer of less than an entire interest.
- 25.2512-5A · Valuation of annuities, interests for life or a term of…
- 25.2519-1 · Dispositions of certain life estates.
- 25.2519-2 · Effective date.
- 25.2521-1 · Specific exemption.
- 25.2522(a)-1 · Charitable and similar gifts; citizens or residents.
- 25.2522(b)-1 · Charitable and similar gifts; nonresidents not citizens.
- 25.2522(c)-1 · Disallowance of charitable, etc., deductions because of…
- 25.2522(c)-2 · Disallowance of charitable, etc., deductions in the case…
- 25.2522(c)-3 · Transfers not exclusively for charitable, etc., purposes…
- 25.2522(c)-4 · Disallowance of double deduction in the case of…
- 25.2522(d)-1 · Additional cross references.
- 25.2523(a)-1 · Gift to spouse; in general.
- 25.2523(b)-1 · Life estate or other terminable interest.
- 25.2523(c)-1 · Interest in unidentified assets.
- 25.2523(d)-1 · Joint interests.
- 25.2523(e)-1 · Marital deduction; life estate with power of appointment…
- 25.2523(f)-1 · Election with respect to life estate transferred to…
- 25.2523(g)-1 · Special rule for charitable remainder trusts.
- 25.2523(h)-1 · Denial of double deduction.
- 25.2523(h)-2 · Effective dates.
- 25.2523(i)-1 · Disallowance of marital deduction when spouse is not a…
- 25.2523(i)-2 · Treatment of spousal joint tenancy property where one…
- 25.2523(i)-3 · Effective date.
- 25.2524-1 · Extent of deductions.
- 25.2523(f)-1A · Special rule applicable to community property…
- 25.2701-0 · Table of contents.
- 25.2701-1 · Special valuation rules in the case of transfers of certain…
- 25.2701-2 · Special valuation rules for applicable retained interests.
- 25.2701-3 · Determination of amount of gift.
- 25.2701-4 · Accumulated qualified payments.
- 25.2701-5 · Adjustments to mitigate double taxation.
- 25.2701-6 · Indirect holding of interests.
- 25.2701-7 · Separate interests.
- 25.2701-8 · Effective dates.
- 25.2702-0 · Table of contents.
- 25.2702-1 · Special valuation rules in the case of transfers of…
- 25.2702-2 · Definitions and valuation rules.
- 25.2702-3 · Qualified interests.