| 1. | A transferor failing upon one theory might still prevail upon the other.
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| 2. | It will operate on any interest which the transferor may acquire in such property.
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| 3. | The transferor should subsequently acquire some interest in the property he had agreed to transfer.
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| 4. | The transferee may have the option to acquire the interest which the transferor subsequently acquires.
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| 5. | The corporation's basis in the asset then is the same as the transferor's.
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| 6. | There must be a representation by the transferor that he has authority to transfer the immovable property.
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| 7. | The transferor must file an ATF application, which must be completed by both parties to the transfer:
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| 8. | Unlike many inheritance taxes, the Gift and Estate taxes were imposed on the transferor rather than the recipient.
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| 9. | Under this order, for example, transferor governors comprise four out of nine members on a controlled primary school.
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| 10. | If section 444AA does not apply, an accounting period of the transferor company ends with the day of the transfer.
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