26 USC 673 - Reversionary interests

U.S Code last checked for updates: Nov 22, 2024

§ 673.

Reversionary interests

(a)

General rule

(b)

Reversionary interest taking effect at death of minor lineal descendant beneficiary

In the case of any beneficiary who—

(1)

is a lineal descendant of the grantor, and

(2)

holds all of the present interests in any portion of a trust,

the grantor shall not be treated under subsection (a) as the owner of such portion solely by reason of a reversionary interest in such portion which takes effect upon the death of such beneficiary before such beneficiary attains age 21.

(c)

Special rule for determining value of reversionary interest

(d)

Postponement of date specified for reacquisition

(Aug. 16, 1954, ch. 736, 68A Stat. 227; Pub. L. 91–172, title II, § 201(c), Dec. 30, 1969, 83 Stat. 560; Pub. L. 99–514, title XIV, § 1402(a), Oct. 22, 1986, 100 Stat. 2711; Pub. L. 100–647, title I, § 1014(b), Nov. 10, 1988, 102 Stat. 3559.)

cite as: 26 USC 673