...ownership of stock in applying subparagraphs (A) and (B), the rules of section 267 (c) shall apply, except that the family of an individual shall include only...his spouse, ancestors, and lineal descendants. For purposes of this paragraph, control means the ownership of stock possessing at least 50 percent of...

...property after December 31, 1957, but only if all the requirements of subdivisions (i), (Ш, and (Ш) of this subparagraph are satisfied. (i) The property...corporation does not qualify as a "purchase" under section 179 (d) (2), nor does the purchase of property by a husband from his wife. However, the purchase of...

...constructive ownership rules of section 267(c) shall apply except that paragraph (4) of section 267(c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants. (ii) An acquisition does not qualify as a purchase for the purpose of this paragraph if the basis of...

...constructive ownership rules of section 267(c) shall apply except that paragraph (4) of section 267(c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants. (il) An acquisition does not qualify as a purchase for the purpose of this paragraph if the basis of...

...in applying section 267 (b) and (c) for purposes of this section, paragraph (4) of section 267 (c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants), (B) The property is not acquired by one member of an affiliated group from another member of the same...

...(but, in applying section 267 (b) and (c) for purposes of this section, paragraph (4) of section 267(c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants), (B) The property is not acquired by one member of an affiliated group from another member of the same...

...under section 267 or 707 (b). In applying the rules of section 267 (b) and (c), section 267 (c) (4) shall be treated as providing that the family of an...shall include only his spouse, ancestors, and lineal descend§ 1.179-3 ants. For example, a purchase of property from a corporation by a taxpayer who owns,...

...ownership of stock in applying subparagraphs (A) and (B), the rules of section 267(c) shall apply, except that the family of an individual shall include only...his spouse, ancestors, and lineal descendants. For purposes of this paragraph, control means the ownership of stock possessing at least 50 percent of...

...than 50 percent' each place it appears in section 267 (b) , and "(2) paragraph (4) of section 267 (c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants." (b) EFFECTIVE DATE. — The amendment made by subsection (a) shall apply with respect to taxable years...

...applying section 267 (b) and (c) for purposes of this subparagraph, paragraph (4) of section 267 (c) shall be treated as providing that the family of an...only his spouse, ancestors, and lineal descendants; "(ii) the term 'reversionary interest* includes a remainder interest ; and "(ill) a power to revest...