LEFEVER, J., May 3, 1957.
The narrow, but novel, question before the court is whether, in computing the value of a life estate for transfer inheritance tax purposes, the taxpayer is entitled to a deduction for the amount of the Federal estate taxes apportionable to the principal of the trust upon which the life estate is based.
Testator died on November 8, 1952. He left an estate of $612,939, which he disposed of by will. Inter alia, he bequeathed the sum...
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