Treasury Regulations · 26 CFR
§ 1.358-5. Special rules for assumption of liabilities.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 358
Cite as 26 CFR § 1.358-5
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- May 9, 2008 by T.D. 9397
- Issued under
- 26 U.S.C. § 358
- Length
- 60 words · about 1 min to read
- Cross-references
- cites 1 Code section and 0 regulations; cited by 0
¶(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]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 9397 (73 FR 26322)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Effects on shareholders and security holders
Nearby sections
- § 1.358-1 Basis to distributees.
- § 1.358-2 Allocation of basis among nonrecognition property.
- § 1.358-3 Treatment of assumption of liabilities.
- § 1.358-4 Exceptions.
- § 1.358-5 Special rules for assumption of liabilities.
- § 1.358-6 Stock basis in certain triangular reorganizations.
- § 1.358-7 Transfers by partners and partnerships to corporations.