Appraisal Of Limited Or Contingent Interests In Indiana
Added January 17th, 2014 · Updated April 4th, 2016
Annotated Indiana Code
Title 6. Taxation
Article 4.1. Death Taxes
Chapter 6. Special Procedures for Appraising and Taxing Certain Property Interests
6-4.1-6-5 Appraisal of limited, contingent, dependent, or determinable interests
Sec. 5. If a probate court files an application with the department of state revenue asking the department to appraise a property interest which is limited, contingent, dependent, or determinable upon a life in being, including but not limited to a life or remainder interest, the department shall, if possible, appraise the property interest. The department shall base its appraisal on the facts stated by the court in the application, and the department shall certify its appraisal in duplicate to the court. The department's certification is competent evidence that the appraisal is correct.
Cite as Ind. Code Ann. § 6-4.1-6-5
Title 6. Taxation
Article 4.1. Death Taxes
Chapter 6. Special Procedures for Appraising and Taxing Certain Property Interests
6-4.1-6-5 Appraisal of limited, contingent, dependent, or determinable interests
Sec. 5. If a probate court files an application with the department of state revenue asking the department to appraise a property interest which is limited, contingent, dependent, or determinable upon a life in being, including but not limited to a life or remainder interest, the department shall, if possible, appraise the property interest. The department shall base its appraisal on the facts stated by the court in the application, and the department shall certify its appraisal in duplicate to the court. The department's certification is competent evidence that the appraisal is correct.
Cite as Ind. Code Ann. § 6-4.1-6-5
Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.
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