effects on shareholders and security holders
§ 1.358-5 Special rules for assumption of liabilities.
26 C.F.R. Part 1 — Income Taxes · 2026 edition · updated 2026-10-04 · United States
(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.
[T.D. 9397, 73 FR 26322, May 9, 2008]
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