209. COMPUTING NON-RESIDENT ESTATE TAXES: AN EXAMPLE

209 COMPUTING NON-RESIDENT ESTATE TAXES: AN EXAMPLE 209.1 The following is an example of the method to be used in computing taxes imposed by § 5 of Article 2 of the Act: Assume that a decedent who was not domiciled at the time of his death in the District left the following estate: Real estate and tangible personal property situated in the District $ 50,000.00; Assets in the State in which decedent was domiciled 250,000.00 Total estate $ 300,000.00 The federal estate tax, under the 1926 Federal Revenue Act 4,500.00 The maximum credit of 80% of this tax against which the estate may apply inheritance, estate, and succession taxes 3,600.00 Assume that the estate paid inheritance taxes of $ 300 to the District and inheritance taxes of $ 500 in another jurisdiction 800.00 Balance of 80% credit ($ 3,600 • $ 800) 2,800.00 One-sixth (ratio of real estate and tangible personal property in the District of the total estate) of $ 2,800 is the estate tax assessable by the District 466.67 SOURCE: Commissioners' Order 299-637/12, effective June 14, 1944, 16 DCRR § 409.