New Proposed Regulations on Private Annuities

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T02:19:54.000
dc.date.accessioned 2020-06-29T22:54:38Z
dc.date.available 2020-06-29T22:54:38Z
dc.date.embargo 2017-11-13
dc.date.issued 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/lib.dr.iastate.edu/aglawdigest/vol17/iss21/1/
dc.identifier.articleid 1850
dc.identifier.contextkey 11040264
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol17/iss21/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3281
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol17/iss21/1/AgLawDigest_v17n21_01.pdf|||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
relation.isJournalIssueOfPublication d3c9e126-acf9-401f-8d32-ac1bfdf90394
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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