► 26 U.S.C. § 2703 26 u.s.c. · special valuation rules · title 26

26 U.S.C. § 2703

Certain rights and restrictions disregarded

Title 26 USC

● ACTIVE

Ch. 14

Jurisdiction Federal — United States

Chapter SPECIAL VALUATION RULES

Primary Source uscode.house.gov ↗

Federation ID OM-USC26-SEC-E06215

► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 26 - INTERNAL REVENUE CODE 26 U.S.C. United States Code, 2023 Edition Title 26 - INTERNAL REVENUE CODE Subtitle B - Estate and Gift Taxes CHAPTER 14 - SPECIAL VALUATION RULES Sec. 2703 - Certain rights and restrictions disregarded From the U.S. Government Publishing Office, www.gpo.gov

§2703. Certain rights and restrictions disregarded

(a) General rule For purposes of this subtitle, the value of any property shall be determined without regard to— (1) any option, agreement, or other right to acquire or use the property at a price less than the fair market value of the property (without regard to such option, agreement, or right), or (2) any restriction on the right to sell or use such property. (b) Exceptions Subsection (a) shall not apply to any option, agreement, right, or restriction which meets each of the following requirements: (1) It is a bona fide business arrangement. (2) It is not a device to transfer such property to members of the decedent's family for less than full and adequate consideration in money or money's worth. (3) Its terms are comparable to similar arrangements entered into by persons in an arms' length transaction.

(Added Pub. L. 101–508, title XI, §11602(a), Nov. 5, 1990, 104 Stat. 1388–498.)

Source: uscode.house.gov — public domain Official Source ↗

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STATUTE / FEDERAL-CODE-SECTION

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The statutory text of 26 U.S.C. § 2703 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).

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← 26 U.S.C. § 2702 26 U.S.C. § 2704 →

Chapter 14 — SPECIAL VALUATION RULES

26 U.S.C. § 2701 26 U.S.C. § 2702 26 U.S.C. § 2703 26 U.S.C. § 2704

26 U.S.C. — public domain ← All Legislation

26 U.S.C.

Citation

26 U.S.C. § 2703

Status

● ACTIVE

Chapter

14 — SPECIAL VALUATION RULES

Title

Internal Revenue Code

Jurisdiction

Federal

Federation ID

OM-USC26-SEC-E06215

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v1.0

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Internal Revenue Code — 26 U.S.C. § 2703