Respondent determined a gift tax deficiency of $4,070.55 for 1941. The sole issue is the value of the property that was the subject matter of the gift. Petitioner claims he overpaid the gift tax for the taxable year.
FINDINGS OF FACT.
Petitioner, a citizen of Great Britain, resided in Holmby Hills, Los Angeles, California. He filed a gift tax return for the taxable year with the collector for the sixth district of California. This return showed total gifts...
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