§ 105-189. (Repealed effective January 1, 2009) Transfer for less than adequate and full consideration. - North Carolina Statutes

§105‑189.  (Repealed effective January 1, 2009) Transfer for less thanadequate and full consideration.

Where property is transferredfor less than an adequate and full consideration in money or money's worth,then the amount by which the value of the property exceeded the value of theconsideration shall, for the purpose of the tax imposed by this Article, bedeemed a gift and shall be included in computing the amount of gifts madeduring the calendar year. (1939, c. 158, s. 601; 2008‑107, s. 28.18(a).)