Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
1.9 KiB
Markdown
48 lines
1.9 KiB
Markdown
---
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type: "LegalText"
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title: "26 U.S.C. § 2703"
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description: "Certain rights and restrictions disregarded"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 26
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title_name: "INTERNAL REVENUE CODE"
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chapter_number: "14"
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chapter_name: "SPECIAL VALUATION RULES"
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section: "2703"
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citation: "26 U.S.C. § 2703"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
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source_identifier: "/us/usc/t26/s2703"
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source_file: "data/legal/raw/us/code/title-26/usc26.xml"
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source_hash: "edba17a4b0936710fb3a096c159dae412efec450545b6f8259dcc53ba9f90248"
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raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
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text_hash: "af51b75c89ba4aff942b29d917daa3b1c8ffc9fca514efd7e4ada30dd07fd42f"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 26 U.S.C. § 2703 - Certain rights and restrictions disregarded
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## Text
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(a) General rule For purposes of this subtitle, the value of any property shall be determined without regard to—
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(1) any option, agreement, or other right to acquire or use the property at a price less than the fair market value of the property (without regard to such option, agreement, or right), or
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(2) any restriction on the right to sell or use such property.
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(b) Exceptions Subsection (a) shall not apply to any option, agreement, right, or restriction which meets each of the following requirements:
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(1) It is a bona fide business arrangement.
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(2) It is not a device to transfer such property to members of the decedent’s family for less than full and adequate consideration in money or money’s worth.
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(3) Its terms are comparable to similar arrangements entered into by persons in an arms’ length transaction.
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(Added Pub. L. 101–508, title XI, § 11602(a), Nov. 5, 1990, 104 Stat. 1388–498.)
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