Untitled Texas Attorney General Opinion

OFFICE OFTHE A'l-fORNEY GENERALOFTEXAS AUSTIN ~:"u-" , pp, \ .il ,l;$y w4 ^r ..' g-/7’” t/ Xonorablo Worgo H. Sheppard Comptroller ot Pub110 Aaoount8 AulrtiIl, !hXaS Dear Sir: lottor of Ootober 11, 1040, in Rhloh on of thle departmnt a8 to the appl horitanoo Tax law to the r0ilowfng all of ths ooamunlty death of tim survivor thr prop- ueathed to tke aurvltln5 helm Mm. Thomas, one-half to desoend hire and’the other hali to Pam to his heirs. The question now arises in the olosing of this eatate for inheritanoe tsx purposes, as to whether or not the property or m. Thoraas,who died Sirat ,.paeeed t0 hle heira at that tinn or rhetlnr or not akl Of the sstate paseed at the death of tb l UrVf*ur, one-half to the heira of Mr. Thomas aob the 13 Honorable George A. Sheppard, Page E other half to tha heirs OS l&a. Thoma8." Artiole 711'7,Varnonla Annotated Civil Statutes, reads a8 followat "All property within the jurisdlotlon of this Stata, real or personal, oorporate or lnoorporate, and any Interest therein, lnoludlng promrty paaalng under a general powar of appointment exerolaed by the de- oedent by will, lnoludlng the prooaeda oi life lnauranoe to tha extant OS tha amount reosloable by the ereoutor or adminlatrator as lnsurenoe under poliolea taken out by the deoedent upon hla own lite, and to the Wtent of the axoeaa over Forty Thounend Dollar8 ($40,000) or the amount reoelveble by all other banaflolerlea 88 insursnoe un- der pollolea taken out by the deoedent upon hla own life, whether belonging to lnbsbi- tents of this Stete or to paraona who era not Inhabitanta, regardleaa of whetbrr auoh proprty la looatad within or without tibia State, whloh ahall pa88 ebaolutaly or in trust by will or by the law8 of deaoant or >~ dlatrlbutlonof thin or any other Steto, or by deed, grant, sale, or gift made or lutendea to take efteot Ia possasalon or enjoymant altar the daeth of the grantor or donor, aball, upon paaalng to or for the UEO of any person, oorporatlon, or eraoole- tlon, be aubjeot to a tax for the bsnetlt of the Statala General Revenue Fund in eo- oordanoe wlth the following olaaalS~oatlon. Any tranafar made by e grantor, vendor, or donor, whether by deed, grant, aale, or gift, shall, unless shown to the oontrary, be deene& to have been msde in oontempla- tlon or death end subject to the aam tar as herein provided it euoh transter Is msda within two (21 years prior to tha death of the grantor, vendor, or donor, CC a material part of his satate, or if the transfer made within euch pewlod ia in the nature of a f lnal distribution of property end without adrqusta valuable oonaideration. AOt8 1925, 2nd C.B., p. 03; Aots 1929, 41at 1 gonorable Caorge R. Sheppard, Page 3. Leg., lat c.3.. 9. 108, ch. So h 1; Aota 1839, 46th Leg., Ii.B. # 990, b 1.” Artiole 7123, Vernon’s Annotated Civil Statutes, reads as follows: “If the property paeslng aa etorseald ahall be divided into two or mora estates, aa an estate ior gears or i’orlife and a remainder, the tax ahell be leviad on eaoh eatate or interest separately, eooordlng to the velua of’the asme at the death of the deoedant. The value of eatataa for yeera, eetatee for life, remalndara and annuities, shall be determined by the *Ao- tuariss Ooablnad Experlenoe Tables,* et rour per cent oompound intareat.w Under the above quoted ertiolaa unqueatiohably the lnharltenoe tax 1s due on the husbend’a ahre of tha oonmunity a&ate which ha reeves at his daath end is pay- able by hia heir8 on their raapeotiva intereets or eatatea in such decedent*8 praperty. The tax lo due et luoh fiu end 1s to be paid by the rerious eeteter or lntereata in proportion to the value of eaoh lnteraat in the property. There la no provlalon for the postponement of the payment o? the tax until the property 1s aotually reoeived by the ramindarmen. The Aurtfx Court of ~Cfvil Appaala, in the oeae of Bethae v. Sheppard, (en yet unreported), stated en followa : Wenifestly tha atatutaa do not eu- thorlze the postponaxant of the tax to await suoh oontlngenoy or oonditlona rub- sequent, end these ooaoluaiona aaawer all elternatira oonteatlone of appellant that only portions of the value of the oorgua or prlnolpnl were taxable. our above oon- olualona alao deny the oontantion of appal- lant tbst the tax ahould bo poetpouad to datemine whet eventually might happen dur- ing tha sight yeer period &tar the daeth 0s grantor or aettlor. Xotblng,In the stet- ute authorizer such postponaxant of the tax; but to the oontrery it shows that tha Legia- lature intended that the tax beooma due and 116 flonorableGeorge R. i:heppard,Fag4 4. payable l~~d!a~ely after the death of erentor, . The question in the specific oaae which you preaent is whether or not the property belonging to the one half cam- munltp interest of J. 7:.Thomss which hsa now paesed to his raaalndarman or helm wsead under the terms of his will et the time of hi8 death at whioh tlma lt wea taxable or dld It pas upon the death of his wife, the survivor. It 1s our opinion thst the rormer Is the correot analysis oi the alt- uation. Under the will 0. Thorns8left his share of tha com- munity estate to his wife for her life with the power to aia- pose or the same but provlded that if eny of the mama wna latt et the death of his wire that it should go to his heira. It Is our opinion that when heirs so take the remslnlng prop- arty nt the death of Hr. Thomas * aurvl~lng wife they era tak- ing the same under the will of Mr. Thomas and whatever lntar- ast or eetate~thay had in the property wan taxable at the tlma of I&r.Thomas* death and would not be taxable et tha time of the death of the euld.ving wife. In Opialon No. 04551 this department construed a rill in which a husband left &la property to hfs wlfa for lire with power to dispose of aama but provided that if any of it was left at the time of her death the ramalnder should go to his daughter. :Qeruled in eeid o,oinioathat upon the hueband's death both the wife and the daughter had an latereet or estete in the property whloh interest or estate should be taxed and valued in acoordanoa with the rhlue of the aama et the time of the husband*8 death. This sama rule oi law was aMOunOad by the 3uprame Court of Wleconaln in the ease of State v. Merrill, 24s N. W. 909. The court atatee as follows; *The statutory provisiona above atated disolosa a oomplete mhema ror the valuing of interests in eetetea ~ivsn by will and for the imposing oi the tax upon such interests trana- ierred a8 of the date of the death of the tsa- tator, end for the payment of the tax upon its impoeltloa, whether the sotual enjoyment of the interest transferred be present or future. The tax ie lmpoaed upon the right to reoeive end ie ffZed by the value of that right. State ex rel. Kempsmith v. Wldule, 161 Vile.3@9, 154 N. 6. 695. The state 18 entitled to an lnherl- tance tax measured by tha market value of the interest.transfarred ana the value for texlng 1lW Bonorablr George 8. Sheppard, Pago 5. purporea oannot be reduoed by dividing it into term ortates and lnmainders. Estate oi Stephenson, 171 F!ls.452, 468, 459, 177 A. W. 579. Thus the oereral lntersstfi transferred by the will in suit were sub- ject to valuatfog tt the time or the testa- tar’s death. .” The United States Board of Tax Appeal0 pamad on a question very rlmilar to the ona you present in the oam of Carrie L. Jones v. Commlsaioner, deoided May 29, 1940. Ln that oaae a testator bequeathed hi4 property to his die ror life with remainder to their daughter. By the teama af the will the widow we8 given the power to dispose of the property including the right to detlm, mortgage or sol1 the During her liietlme the widow made a transfer in truer, ?%d aeduritlea reoelred under the will of her husband dlr- ecting that nhe should raorire the lnoome therefrom for llia ml that umn her d6ath the entire trust estate should bo paid to her daughter. The widow dlod. The daughter wrot@ the trustm that she alooted to take the seouritire under the ~$11 of her rather. Tim oourt hold that the daughter did take the fseourlties undrr the will of her father an6 that their value et the tlmo of the wldow*a death 18 not included in her rots8estate. 8% believe that the United State@ Board of 4ax Appeal6 bae laid down the oormot ruin to be applied in mxoh a cam. You are therefore advised that the huCrband’8hair of the oonmunlty property whiOh now pansea to hlr holrr upon the 6eath of his aurvivlng wife was taxable in aooordanoe wlth its value at the tfnm of the humband’s death and is not taxable under the Texas Inheritanoa Tax laws at the tlaa or the death OS the eurrlvlng wife as part of her eatate. Tours rery truly ATTORagP GElWIAL CF TBras BGSRS APPZ:"' ATTORNEY GENSRAL OF TEXAS