The Transfer Tax Law: Article 10, Chapter 62, Laws of New York 1909 ...Guaranty Trust Company of New York, 1918 - 61 pages |
From inside the book
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Page 9
... unless wife has a domicile separate from him . he burden of proof in a transfer tax pro- ing shall be upon those claiming exemp- by reason of the alleged non - residence of lecedent . ( Sec . 243 , page 60. ) enerally speaking the ...
... unless wife has a domicile separate from him . he burden of proof in a transfer tax pro- ing shall be upon those claiming exemp- by reason of the alleged non - residence of lecedent . ( Sec . 243 , page 60. ) enerally speaking the ...
Page 20
... unless an amount , sufficient to pay the and interest , has first been retained . If a transfer is made in violation of any the foregoing provisions the person or poration making such transfer shall be sonally liable for the amount of ...
... unless an amount , sufficient to pay the and interest , has first been retained . If a transfer is made in violation of any the foregoing provisions the person or poration making such transfer shall be sonally liable for the amount of ...
Page 21
... unless the unt of the tax cannot be determined by on of claims made upon the estate , neces- litigation or other unavoidable causes of y , in which case interest at the rate of six per centum shall be charged until the of delay is.
... unless the unt of the tax cannot be determined by on of claims made upon the estate , neces- litigation or other unavoidable causes of y , in which case interest at the rate of six per centum shall be charged until the of delay is.
Page 30
... unless the personal representatives decedent are able to prove that a personal pr erty tax was assessed and paid on such investm or secured debt during the period it was held decedent ; or unless the decedent was actua engaged in the ...
... unless the personal representatives decedent are able to prove that a personal pr erty tax was assessed and paid on such investm or secured debt during the period it was held decedent ; or unless the decedent was actua engaged in the ...
Page 32
... unless by reason claims made upon the estate , necessary litigat or other unavoidable cause of delay , such can not be determined and paid as herein p vided , in which case interest at the rate of per centum per annum shall be charged ...
... unless by reason claims made upon the estate , necessary litigat or other unavoidable cause of delay , such can not be determined and paid as herein p vided , in which case interest at the rate of per centum per annum shall be charged ...
Common terms and phrases
administrator or trustee amount appointed appraiser is salaried assessed bank bequeathed Chapter citation company or association comptroller or county corporatio county clerk county treasurer death decedent deemed delivery or transfer determination devised donor or vendor enforced entire property erty evidences of interest exceed excess of $500 executor or trustee exempt fiduciary filed five per centum grantor hands on account inheritance tax intangible property interest therein investment joint names jurisdiction legatees letters testamentary Monroe county Nassau county non-resident office of appraiser Oneida county Onondaga county paid payable person or corporation possession or enjoyment proceedings property or interest property transferred purposes Queens county real property refund safe deposit company section two hundred securities shares of stock Suffolk counties surrogate surrogate's tangible property tax imposed Taxable Transfers thereof thousand dollars transfer tax assist transfer tax clerk troller trust company Westcheste county wholly or partly York county
Popular passages
Page 6 - When the transfer is by will or by the intestate laws of this state from any person dying seized or possessed of the property while a resident of the state.
Page 44 - ... dependent upon contingencies or conditions whereby they may be wholly or -in part created, defeated, extended or abridged, a tax shall be imposed upon said transfer at the highest rate which, on the happening of any of the said contingencies or conditions, would be possible under the provisions of this article, and such tax so imposed shall be due and payable forthwith by the executors or trustees out of the property transferred...
Page 43 - In estimating the value of any estate, or interest in property to the beneficial enjoyment or possession whereof there are persons or corporations presently entitled thereto, no allowance shall be made in respect of any contingent incumbrance thereon, nor in respect of any contingency upon the happening of which the estate or property or some part thereof or interest therein, might be abridged, defeated, or diminished...
Page 54 - Each surrogate shall, on January, April, July and October first of each year, make a report, upon the forms furnished by the comptroller containing all the data and matters required to be entered in such book, which shall be immediately forwarded to the state comptroller. The county clerk of each county, except in the counties where the registers perform the duties of the county clerk with respect to the recording of deeds, and when in such counties the registers, shall, at the same times, make reports...
Page 25 - When the transfer is by will or intestate law, of property within the state, and the decedent was a nonresident of the state, at the time of his death.
Page 24 - A tax shall be and is hereby imposed upon the transfer of any property, real or personal, of the value of five hundred dollars or over, or of any interest therein or income therefrom, in trust or otherwise, to persons or corporations not exempt by law from taxation on real or personal property, in the following cases : 1.
Page 34 - If any debts shall be proven against the estate of a decedent after the payment of any legacy or distributive share thereof, from which any such tax has been deducted or upon which it has been paid by the person entitled to such legacy or distributive share, and such person is required by...
Page 61 - Limitation of time. The provisions of the code of civil procedure relative to the limitation of time of enforcing a civil remedy shall not apply to any proceeding or action taken to levy, appraise, assess, determine or enforce the collection of any tax or penalty prescribed by this article, and this section shall be construed as having been in effect as of date of the original enactment of the inheritance tax law...
Page 29 - ... any child to whom such decedent for not less than ten years prior to such transfer stood in the mutually acknowledged relation of a parent; provided, however, such relationship began at or before the child's fifteenth birthday, and was continuous for said ten years thereafter...
Page 31 - All taxes imposed by this article shall be due and payable at the time of the transfer, except as hereinafter provided.