Internal Revenue Service, Treasury § 1.381(c)(8)–1Agreement Under Section 167(d) • January 5th, 2015
( d) Agreement under section 167( d). T o t h e ex t e n t n o t i n co n sis t e n t wi t h p ara- g ra p h ( b) of t h is sec t io n , an a cq u i r i n g co r po ra t io n s ha ll be t r e a t ed a s t h e dis- t r ib u t o r o r t ran sfe r o r co r po ra t io n i n t h e c a se of an a g r ee m e n t be t wee n t h e dis t r ib u t o r o r t ran sfe r o r co r po ra t io n an d t h e dis t r ic t di r ec t o r un de r sec t io n 167( d) an d § 1.167( d)–1 wi t h r espec t t o p r ope r t y t o w h ic h sec t io n 381( c)(6) an d t h is sec t io n a ppl y . Thu s, i n t h e c a se w h e r e t h e b a sis of an a sse t i n t h e han ds of an a cq u i r i n g co r po ra t io n exceeds t h e b a sis of s u c h a sse t i n t h e han ds of t h e dis t r ib u t o r o r t h e t ran sfe r o r co r po ra- t io n , s u c h an a g r ee m e n t will n o t ha ve t h e effec t of pe r m i tt i n g t h e a cq u i r i n g co r po ra t io n t o co m p u t e i t s dep r eci a- t io n a llow an ce wi
