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VANISHING DEDUCTIONS - Is an amount allowed-to reduce the taxable estate of a decedent where the property:

a. received by him from prior decedent by gift, bequest, devise and inheritance, or

b. transferred to him by gift has been the object of previous transferred deductions.

It is so called a vanishing deduction because the rate of deduction gradually diminishes and entirely vanishes depending upon the time interval between the two (2) successive transfer.

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13y ago

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