26 CFR 1.358-5
§ 1.358-5 Special rules for assumption of liabilities.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.358-5, § 1.358-5 Special rules for assumption of liabilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/109679
- Permanent ID
ys:prov:109679@1- SHA-256
685a92d5a138fa0d590b9d64c039994a93b3a9fa476dd5d034a1b44bcf867e18
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) In general. Section 358(h)(2)(B) does not apply to an exchange occurring on or after May 9, 2008.
(b) Effective/Applicability date. For exchanges occurring on or after June 24, 2003, and before May 9, 2008, see § 1.358-5T as contained in 26 CFR part 1 in effect on April 1, 2007.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.