¶1I dissent from a part of the foregoing opinion for the reason that in my judgment the husband in this case can only be said at most to have assigned the future income from his leases. This does not relieve him from tax upon such income when derived from the leases.
15 B.T.A. 124
Leydig v. Commissioner
United States Board of Tax Appeals
Decided January 29, 1929
United States Board of Tax Appeals · decided 1929-01-29
1. The right to oil and gas royalties is an assignable property right, and following an assignment of a fractional interest therein by taxpayer to his wife, royalties payable on such fractional interest are income of the assignee by virtue of her ownership and taxable only to her. 2.
Good law ✅— No negative treatment on recordhow we know
Decided 1929-01-29
How this case has been cited
Cited by 18 later decisions — most recently January 1943
1 federal appellate ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
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