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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 26 - Internal Revenue |
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Chapter I - Internal Revenue Service, Department of the Treasury |
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SubChapter A - Income Tax |
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Part 1 - Income Taxes |
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Effects on Shareholders and Security Holders |
§ 1.358-5 - Special rules for assumption of liabilities.
Latest version.
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§ 1.358-5 Special rules for assumption of liabilities.
(a) In general. Section 358(h)(2)(B) does not apply to an exchange occurring on or after May 9, 2008.
(b) Effective/Applicability date. For exchanges occurring on or after June 24, 2003, and before May 9, 2008, see § 1.358-5T as contained in 26 CFR part 1 in effect on April 1, 2007.
[T.D. 9397, 73 FR 26322, May 9, 2008]