Sale of Residence From Qualified Personal Residence Trust
other · IRS · Rule · Published 1997-12-23 · Effective 1997-12-23 · 62 FR 66987
Document
Document number
97-33356
Federal Register citation
62 FR 66987
CFR reference
26 CFR 25
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
1997-12-23
Effective date
1997-12-23
Treasury docket
TD 8743
Abstract
This document contains final regulations permitting the reformation of a personal residence trust or a qualified personal residence trust in order to comply with the applicable requirements for such trusts. The final regulations also provide that the governing instruments of such trusts must prohibit the sale of a residence held in the trust to the grantor of the trust, the grantor's spouse, or an entity controlled by the grantor or the grantor's spouse.