Tax on estates and trusts — Revocable trusts.
The income of a trust shall be included in computing the net income of the grantor of such trust where at any time the power to revest in the grantor title to any part of the corpus of the trust is vested: In the grantor, either alone or in conjunction with any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom; or In any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom.
Annotations
July 16, 1947, 61 Stat. 348, ch. 258, art. I, title IX, § 7 enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575 1973 Ed., § 47-1577f. 1981 Ed., § 47-1809.7. This section is referenced in § 47-1809.04.
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.