applicable family member
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “applicable family member” includes any lineal descendant of any parent of the transferor or the transferor's spouse.
Source
- 1996–present26 U.S.C. § 2701Internal Revenue Code · Special valuation rules in case of transfers of certain interests in corporations or partnerships · for purposes of this section
The term “applicable family member” means, with respect to any transferor—
(A) the transferor's spouse,
(B) an ancestor of the transferor or the transferor's spouse, and
(C) the spouse of any such ancestor.
Source
- 1994–present26 U.S.C. § 2701Internal Revenue Code · Special valuation rules in case of transfers of certain interests in corporations or partnerships · for purposes of this section