§ 58.1-20. Fiduciaries distributing intangible personal property to file informative tax returns
Every fiduciary paying or distributing to or among one or more beneficiaries any part or the whole of the corpus of an estate or trust consisting of intangible personal property shall file upon a form prepared by the Department an informative return of such distribution, showing the names and residences of the distributees, the amounts and classes of such property distributed to each and the date or dates of such distribution. Such returns shall be filed with the commissioner of the revenue having jurisdiction in the county or city in which the fiduciary qualified or, if there has been no qualification in the Commonwealth, in the county or city in which such fiduciary resides, does business or has an office, or wherein the distributees or any of them reside. Every such return shall be filed on or before the first day of May of the calendar year following the calendar year in which the distribution was made.
(Code 1950, § 58-869; 1984, c. 675.)
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