New Hampshire Revised Statutes 88-A:6 – No Apportionment Between Temporary and Remainder Interests
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Terms Used In New Hampshire Revised Statutes 88-A:6
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
No interest in income and no estate for years or for life or other temporary interest in any property or fund shall be subject to apportionment as between the temporary interest and the remainder. The tax on the temporary interest and the tax, if any, on the remainder shall be chargeable against the corpus of the property or funds subject to the temporary interest and remainder.