UNITED STATES SUPREME COURT DECISIONS ON-LINE

Legacies of life interests in trust funds held vested in possession or enjoyment prior to July 1, 1902, within the meaning of the Refunding Act of June 27, 1902, and taxable under § 29 of the War Revenue Act of 1898, where, on or before July 1, 1902, the amounts of the legacies were ascertainable, all claim against the estate, save some for other taxes of relatively small amount, had been settled or barred, and the trustee were entitled to immediate possession of the funds from the executors and the beneficiaries to the beneficial enjoyment of the income. P. 257 U. S. 247.

55 Ct.Clms. 271 affirmed.

Appeal from a judgment rejecting a claim for a refund of legacy taxes.