§ 450.8 — Transfers and trusts

Iowa § 450.8

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 450: INHERITANCE TAX

Text

If the decedent makes transfer of, or creates a trust with respect to, property passing under
section 450.3, subsection 2, or intended to take effect after death, except in the case of a bona
fide sale for a fair consideration in money or money’s worth, and if the tax in respect to the
transfer is not paid when due, the transferee or trustee is personally liable for the tax, and
the property, to the extent of the decedent’s interest in the property at the time of death, is
subject to a lien for the payment of the tax.

Legislative History

[C97, §1467; S13, §1481-a; C24, 27, 31, 35, 39, §7312; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §450.8]