qualified interest
Defined in 2 places of the United States Code.
For purposes of this paragraph, the term “qualified interest” means an interest for which a deduction is allowable under subsection (a).
Source
- 2013–201826 U.S.C. § 2055Internal Revenue Code · Transfers for public, charitable, and religious uses · under this section
For purposes of this section, the term "qualified interest" means—
Source
- 1994–present26 U.S.C. § 2702Internal Revenue Code · Special valuation rules in case of transfers of interests in trusts · for purposes of this section
For purposes of this section, the term “qualified interest” means—
(1) any interest which consists of the right to receive fixed amounts payable not less frequently than annually,
(2) any interest which consists of the right to receive amounts which are payable not less frequently than annually and are a fixed percentage of the fair market value of the property in the trust (determined annually), and
(3) any noncontingent remainder interest if all of the other interests in the trust consist of interests described in paragraph (1) or (2).
Source
- 201326 U.S.C. § 2702Internal Revenue Code · Special valuation rules in case of transfers of interests in trusts · for purposes of this section
Qualified interest.—For purposes of this paragraph, the term "qualified interest" means an interest for which a deduction is allowable under subsection (a).
Source
- 1994–present26 U.S.C. § 2055Internal Revenue Code · Transfers for public, charitable, and religious uses · under this section