Bannon v. Schwartz

577 A.2d 1025, 215 Conn. 633, 1990 Conn. LEXIS 261
CourtSupreme Court of Connecticut
DecidedJuly 17, 1990
Docket13884
StatusPublished
Cited by13 cases

This text of 577 A.2d 1025 (Bannon v. Schwartz) is published on Counsel Stack Legal Research, covering Supreme Court of Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bannon v. Schwartz, 577 A.2d 1025, 215 Conn. 633, 1990 Conn. LEXIS 261 (Colo. 1990).

Opinion

Callahan, J.

The sole issue presented by this appeal is whether an executor’s characterization of a right to withdraw trust principal in his calculation of the succession tax is a “valuation” or “concession of taxability” to which the commissioner of revenue services is required to object under General Statutes § 12-359 (b).1 [635]*635The Probate Court held that since the plaintiff, the commissioner of revenue services for the state of Connecticut (commissioner), had not filed an objection to the succession tax return of the defendant executor, the commissioner was required to accept the defendant’s treatment of the right to invade the trust principal as nontaxable in calculating the succession tax. On appeal to the Superior Court, the court granted the defendant’s motion for summary judgment, concluding that as a matter of law the commissioner had failed to comply with the provisions of § 12-359 (b). The commissioner appealed to the Appellate Court, and we transferred the matter to this court pursuant to Practice Book § 4023. Because we conclude that the commissioner was not required to comply with § 12-359 (b) under the circumstances of this case, we reverse the judgment of the Superior Court.

[636]*636The facts are not in dispute. The decedent, Anna G. Schwartz, a resident of Trumbull, died on February 18, 1987. The Probate Court for the district of Trumbull appointed the defendant, Samuel Schwartz, the decedent’s husband, to serve as the executor of her will. The defendant executor filed a succession tax return with the Probate Court, which received a certified copy of the return on April 11, 1988. Upon filing the return, the defendant paid the commissioner $28,733.38, the amount of the succession tax and related interest due according to the defendant’s calculations. On October 12,1988, the commissioner computed and assessed the succession tax in accordance with General Statutes § 12-367 (a)2 and mailed the computation and assessment to the defendant. The commissioner’s assessment reported a balance due of $12,597.21.3

[637]*637Article four of the decedent’s will provided for the creation of a trust under which net income was to be paid to her husband on a monthly basis. Her husband was also given the right to withdraw $5000 from the trust principal each year, provided that he request such a withdrawal within the first three months of the calendar year. Upon the death of her husband, the trust corpus was to pass to the decedent’s son.

In a cover letter accompanying the succession tax return, the defendant outlined his calculation of the succession tax. Since the succession tax rates vary based on the relationship of the beneficiary to the decedent and the amount of property transferred,4 the executor had to allocate the value of the trust ($500,000) between the Class AA lifetime beneficiary (the husband) and the Class A residuary beneficiary (the son) in order to calculate the succession tax.

The commissioner and the defendant agree that the value of the husband’s life interest in the net income of the trust is taxable at Class AA rates applicable to spouses of decedents. They disagree, however, over the proper treatment of the defendant’s right to invade the trust principal in calculating the succession tax. In his calculation of the succession tax for the husband, the defendant did not include any amount related to the right to invade the trust principal because the defendant did not consider that right to be taxable to the husband. In the commissioner’s calculation of the succession tax, however, the value of the husband’s interest in the trust includes both the value of his life interest in the net income of the trust and the value of his right to invade the trust principal.

[638]*638The defendant applied for a hearing before the Probate Court pursuant to § 12-359 (b) in order to settle the question of the treatment to be accorded the right to invade the trust principal. The Probate Court concluded that because the commissioner had failed to file an objection to the defendant’s succession tax return pursuant to § 12-359 (b), he could not contest the defendant’s position that the right to 'withdraw trust principal was not taxable to the husband.* ***5 On appeal to the Superior Court, the court granted the defendant’s motion for summary judgment because it likewise concluded that the commissioner had forfeited his right to challenge the defendant’s treatment of the right to invade trust principal by failing to make a timely objection under § 12-359 (b).

Before reviewing the parties’ arguments concerning the proper interpretation of § 12-359 (b), we must provide a brief background on the Connecticut succession tax. “An inheritance or succession tax is a tax imposed on the privilege of receiving property from a decedent at death.” Tax Commissioner v. Estate of Bissell, 173 Conn. 232, 238, 377 A.2d 305 (1977). General Statutes § 12-359 (a)6 outlines the information that the taxpayer [639]*639must provide on the succession tax return. “Section 12-359 (b) delineates the method of objecting to valuations and concessions of taxability of individual items set forth in the succession tax return and sets out the scope of the Probate Court hearing and determination on the objections. Section 12-359 (b) further provides the method of determining the gross taxable estate [640]*640upon which the tax computation shall be based.” Heffernan v. Slapin, 182 Conn. 40, 44, 438 A.2d 1 (1980). If the commissioner fails to file an objection under § 12-359 (b) to “valuations” or “concessions of taxability” in the taxpayer’s succession tax return, he forfeits the right to challenge the taxpayer’s treatment of the “valuation” or “taxability” issue in calculating the succession tax. Id., 47. Section 12-367 (a) requires the commissioner of revenue services to compute and assess the succession tax, while § 12-367 (b)7 provides [641]*641the taxpayer with the right to a hearing before the Probate Court to challenge the commissioner’s computation of the succession tax.

The defendant argues that his characterization of the right to invade trust principal as nontaxable in calculating the succession tax is a claim of nontaxability to which the commissioner was required to object under the “concessions of taxability” language of § 12-359 (b).8 The commissioner claims, to the contrary, that the defendant’s treatment of the right to invade trust principal as nontaxable for succession tax purposes is neither a “valuation” nor a “concession of tax-ability” within the meaning of these terms in § 12-359 (b), and that the commissioner therefore was not required to file an objection under § 12-359 (b) in order to challenge the defendant’s treatment of this right as nontaxable. The commissioner argues that the terms “valuations” and “concessions of taxability” apply only to valuation or taxability issues that affect the determination of the amount of the net taxable estate,9 and do not apply to issues that affect only the rate of taxation of property which the taxpayer has included in the gross taxable estate at a value that is

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Rutherford v. Slagle
352 Conn. 27 (Supreme Court of Connecticut, 2025)
Peters v. Department of Social Services
870 A.2d 448 (Supreme Court of Connecticut, 2005)
O'Dea v. E.P. Board, Stamford, No. Cv990174892 S (May 3, 2001)
2001 Conn. Super. Ct. 5881 (Connecticut Superior Court, 2001)
Torrington Savings Bank v. State, No. Cv 97 0575800 S (Jun. 16, 1999)
1999 Conn. Super. Ct. 7119 (Connecticut Superior Court, 1999)
Chertkova v. Connecticut Specialty, No. Cv98-0486347s (Feb. 22, 1999)
1999 Conn. Super. Ct. 2601 (Connecticut Superior Court, 1999)
Wallingford Bd. of Educ. v. Dep. of Educ., No. Cv 960393612 (Nov. 27, 1996)
1996 Conn. Super. Ct. 9833 (Connecticut Superior Court, 1996)
Rood v. Canteen Corp., No. Cv 950058263s (Sep. 19, 1996)
1996 Conn. Super. Ct. 5546 (Connecticut Superior Court, 1996)
Pace Motor Lines, Inc. v. Biagiarelli, No. 318117s (Jun. 24, 1996)
1996 Conn. Super. Ct. 4937 (Connecticut Superior Court, 1996)
Block v. Connecticut Distributors, No. 327673 (May 3, 1996)
1996 Conn. Super. Ct. 4118 (Connecticut Superior Court, 1996)
Coleman v. Dept. of Corrections, No. Cv94 539897 (Mar. 14, 1996)
1996 Conn. Super. Ct. 2309 (Connecticut Superior Court, 1996)
Commissioner of Revenue Services v. Estate of Sulouff
683 A.2d 33 (Connecticut Superior Court, 1995)
State v. Daugerdas, No. Cr 92-0204816 (Dec. 16, 1992)
1992 Conn. Super. Ct. 11249 (Connecticut Superior Court, 1992)
Lafayette Bank & Trust Co. v. Szentkuti
603 A.2d 1215 (Connecticut Appellate Court, 1992)

Cite This Page — Counsel Stack

Bluebook (online)
577 A.2d 1025, 215 Conn. 633, 1990 Conn. LEXIS 261, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bannon-v-schwartz-conn-1990.