Robinette v. Helvering

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a gift was complete even in the face of “indefiniteness of the eventual recipient”
• holding that net gift principles do not apply to “contingent” liability
• refusing to allow taxpayer to reduce the tax value of a gift by the value of a “reversionary interest” because the value of the reversion was “contingent”
• the gift tax is \measured by the value of the property passing from the donor\
• The purpose of the gift tax was to \reach every kind or type of transfer by gift.\
• the gift tax is “measured by the value of the property passing from the donor”

Source: CourtListener parenthetical corpus (CC0).