Sentences with phrase «transfer for valuable consideration»

«A transfer for valuable consideration of land registered with an absolute title, when registered, confers on the transferee an estate in fee simple in the land transferred, together with all rights...»

There are cerain exceptions to this general rule including policies that were transferred for valuable consideration (IRC § 101 (a)(2)-RRB-.

Not exact matches

As the liability does not cease after 12 October 2013, the PCC still has until the first registration of unregistered land in which to attach this liability and for registered land until the next property transfer for a «valuable consideration» after 12 October 2013.

In a transfer of freehold or leasehold land by the beneficial owner for valuable consideration, unless the transfer is expressed to be a quitclaim:

The transfer of a life insurance policy for valuable consideration may be taxed unless the transfer qualifies for an exception under IRC Section 101 (a)(2).

If the policy was transferred to you for cash or other valuable consideration, the exclusion for the proceeds is limited to the sum of the consideration you paid, additional premiums you paid, and certain other amounts..