New Proposed Regulations on Private Annuities Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T02:19:54.000 2020-06-29T22:54:38Z 2020-06-29T22:54:38Z 2017-11-13 2006-10-27
dc.description.abstract <p>On October 18, 2006, the Department of the Treasury issued new proposed regulations on private annuities<strong>1 </strong>which will affect most private annuities entered into after April 17, 2007 and some entered into after October 18, 2006.<strong>2 </strong>The proposed regulations will render the private annuity less attractive as an estate and business planning tool.<strong>3 </strong>Basically, the new rules specify that, in a private annuity setting, the transferor and transferee of property are left as if the transferor had sold the property for cash and used the proceeds to purchase an annuity contract.<strong>4 </strong>The established rule of deferring the gain on the property funding the private annuity over the transferor’s life expectancy<strong>5 </strong>would not be available.<strong>6</strong></p>
dc.identifier archive/
dc.identifier.articleid 1850
dc.identifier.contextkey 11040264
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol17/iss21/1
dc.source.bitstream archive/|||Fri Jan 14 17:50:02 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title New Proposed Regulations on Private Annuities
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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