Section 664 Trust

The trust becomes a charitable remainder trust on may 26 1975 because it meets the definition of a charitable remainder trust from its creation.

Section 664 trust. Charitable remainder trusts on westlaw. For purposes of this section the trust shall determine the amount of its undistributed capital gain on a cumulative net basis. 664 c 1 income tax.

664 c 2 a in general. Notwithstanding any other provision of this subchapter the provisions of this section shall in accordance with regulations prescribed by the secretary apply in the case of a charitable remainder annuity trust and a charitable remainder unitrust. A charitable remainder annuity trust and a charitable remainder unitrust shall for any taxable year not be subject to any tax imposed by this subtitle.

664 c 2 excise tax. A from which a sum certain which is not less than 5 percent or more than 50 percent of the initial net fair market value of all property placed in trust is to be paid not less often than annually to one or more persons at least one of which is not an. 664 c taxation of trusts.

A charitable remainder annuity trust and a charitable remainder unitrust shall for any taxable year not be subject to any tax imposed by this subtitle. For more detailed codes research information including annotations and citations please visit westlaw. Findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system.

For purposes of section 664 the trust is deemed created on may 26 1975 because that is the earliest date on which h is not treated as the owner of the entire trust under subpart e.