transferred property


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.transferred property - a possession whose ownership changes or lapsestransferred property - a possession whose ownership changes or lapses
possession - anything owned or possessed
acquisition - something acquired; "a recent acquisition by the museum"
grant, assignment - (law) a transfer of property by deed of conveyance
escheat - the property that reverts to the state
stolen property - property that has been stolen
inheritance, heritage - that which is inherited; a title or property or estate that passes by law to the heir on the death of the owner
expenditure, outgo, outlay, spending - money paid out; an amount spent
loss - something that is lost; "the car was a total loss"; "loss of livestock left the rancher bankrupt"
surety, security - property that your creditor can claim in case you default on your obligation; "bankers are reluctant to lend without good security"
References in periodicals archive ?
4) These broad regulatory definitions of "transfer" and "property," which do not require the transferred property to be included in the transferee spouse's gross estate or even exist when the transferee spouse dies, are what allow significant FET savings to be generated in the transferee spouse's estate.
99) In other words, these commentators argue that a settlor of a DAPT could receive the tax benefits of excluding the assets from the gross estate by making a completed gift subject to gift tax but retain the enjoyment of the transferred property as a discretionary beneficiary.
Director Anti Corruption Ayub Khan has told that, the ex Director FDA and Deputy Director Arshad Hussain had transferred property worth millions of rupees to another fake person through fake documents.
In this case, the basis of much of the transferred property was far greater than its value.
The Second Circuit, however, has taken a more restrained approach, holding that fraudulently transferred property that the trustee has not yet recovered does not constitute property of the estate.
This is defined as a condition that essentially operates to eliminate gift tax by adjusting the value or amount of transferred property if the IRS acts after the transfer has occurred (as opposed to applying regardless of the Service's action).
This was clearly a case where the defendant had transferred property for the purpose of avoiding its financial obligations.
Where the liabilities to which transferred property is subject exceed the basis to the transferor, gain is recognized.
Parker decision, which transferred property from one department store owner to another.
108TC 68 (1997) (a post-Mead decision), a taxpayer transferred property for which it had received investment tax credits (ITCs) to a wholly owned subsidiary in its consolidated group.
Second, the transfer also can avoid inclusion if the decedent did not retain possession, enjoyment or rights to the transferred property or the right to designate who would possess or enjoy the property.