qualified heir
Defined in 3 places — 2 distinct definitions of the United States Code.
The term “qualified heir”—
(A) has the meaning given to such term by section 2032A(e)(1), and
(B) includes any active employee of the trade or business to which the qualified family-owned business interest relates if such employee has been employed by such trade or business for a period of at least 10 years before the date of the decedent's death.
Same definition in 2 sections
- 1997–present26 U.S.C. § 2033AInternal Revenue Code · Renumbered 2057] · under this section
- 1998–present26 U.S.C. § 2057Internal Revenue Code · Family-owned business interests · under this section
The term “qualified heir” means, with respect to any property, a member of the decedent's family who acquired such property (or to whom such property passed) from the decedent. If a qualified heir disposes of any interest in qualified real property to any member of his family, such member shall thereafter be treated as the qualified heir with respect to such interest.
Source
- 1994–present26 U.S.C. § 2032AInternal Revenue Code · Valuation of certain farm, etc., real property · for purposes of this section