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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 26 - Internal Revenue |
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Chapter I - Internal Revenue Service, Department of the Treasury |
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SubChapter B - Estate and Gift Taxes |
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Part 25 - Gift Tax; Gifts Made After December 31, 1954 |
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Special Valuation Rules |
§ 25.2701-7 - Separate interests.
Latest version.
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§ 25.2701-7 Separate interests.
The Secretary may, by regulation, revenue ruling, notice, or other document of general application, prescribe rules under which an applicable retained interest is treated as two or more separate interests for purposes of section 2701. In addition, the Commissioner may, by ruling issued to a taxpayer upon request, treat any applicable retained interest as two or more separate interests as may be necessary and appropriate to carry out the purposes of section 2701.
[T.D. 8395, 57 FR 4264, Feb. 4, 1992]