TAXATION - GIFT TAX - TRANSFER IN PURSUANCE OF AN ANTENUPTIAL AGREEMENT AS A TAXABLE GIFT

Authors

Michigan Law Review, University of Michigan Law School

Abstract

Plaintiff entered into an antenuptial agreement with his intended wife whereby she waived all rights which she might acquire by virtue of the marriage in certain stock which he owned. In consideration therefor, he transferred to her two annuities and an interest as tenant by the entirety in two parcels of real estate. Plaintiff contended that such transfers did not constitute taxable gifts, and the Board of Tax Appeals decided in his favor. Held, that the transfers were taxable gifts, for a waiver of marriage rights in the property of plaintiff pursuant to an antenuptial agreement did not constitute "adequate and full consideration in money or money's worth." Commissioner of Internal Revenue v. Bristol, (C. C. A. 1st, 1941) 121 F. (2d) 129.

Recommended Citation

Michigan Law Review, TAXATION - GIFT TAX - TRANSFER IN PURSUANCE OF AN ANTENUPTIAL AGREEMENT AS A TAXABLE GIFT, 40 Mich. L. Rev. 476 (1942).
Available at: https://repository.law.umich.edu/mlr/vol40/iss3/19