taxable gift
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 312 U.S. 393 - Helvering v. Hutchings · 1941Most cited · 291 citing opinions
A gift to a trustee reserving to the donor the economic benefit of the trust or the power of its disposition, involves no taxable gift. It is only upon the surrender by the donor of the benefit or power reserved to himself that a taxable gift occurs.
How often courts cite the case defining “taxable gift”
Court decisions citing the opinion that defined “taxable gift” — 291 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.