Which is subject to donor's tax?*   Merger of usufruct in the owner of the naked title. Delivery of property by the trustee to the beneficiary Cancellation of indebtedness of a debtor out of gratuity support payment to children

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 11DQ
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Which is subject to donor's tax?*

 

Merger of usufruct in the owner of the naked title.

Delivery of property by the trustee to the beneficiary

Cancellation of indebtedness of a debtor out of gratuity

support payment to children

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