26 USC 2207B - Right of recovery where decedent retained interest

U.S Code last checked for updates: Nov 23, 2024

§ 2207B.

Right of recovery where decedent retained interest

(a)

Estate tax

(1)

In general

If any part of the gross estate on which tax has been paid consists of the value of property included in the gross estate by reason of section 2036 (relating to transfers with retained life estate), the decedent’s estate shall be entitled to recover from the person receiving the property the amount which bears the same ratio to the total tax under this chapter which has been paid as—

(A)

the value of such property, bears to

(B)

the taxable estate.

(2)

Decedent may otherwise direct

(b)

More than one recipient

(c)

Penalties and interest

(d)

No right of recovery against charitable remainder trusts

(Added Pub. L. 100–647, title III, § 3031(f)(1), Nov. 10, 1988, 102 Stat. 3637; amended Pub. L. 101–508, title XI, § 11601(b)(1), Nov. 5, 1990, 104 Stat. 1388–490; Pub. L. 105–34, title XIII, § 1302(b), Aug. 5, 1997, 111 Stat. 1039.)

cite as: 26 USC 2207B