26 C.F.R. § 25.2522(c)-4 Disallowance of double deduction in the case of qualified terminable interest property.
Title 26 - Internal Revenue
No deduction is allowed under section 2522 for the transfer of an interest in property if a deduction is taken from the total amount of gifts with respect to that property by reason of section 2523(f). See §25.2523(h)–1. [T.D. 8522, 59 FR 9658, Mar. 1, 1994]
Title 26: Internal Revenue
PART 25—GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954
Deductions
§ 25.2522(c)-4 Disallowance of double deduction in the case of qualified terminable interest property.