Part 25. PART 25—GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

• Gift Tax

  • SECTION § 25.0-1 - Introduction.

• Determination of Tax Liability

  • SECTION § 25.2207A-1 - Right of recovery of gift taxes in the case of certain marital deduction property.
  • SECTION § 25.2207A-2 - Effective date.
  • SECTION § 25.2501-1 - Imposition of tax.
  • SECTION § 25.2502-1 - Rate of tax.
  • SECTION § 25.2502-2 - Donor primarily liable for tax.
  • SECTION § 25.2503-1 - General definitions of “taxable gifts” and of “total amount of gifts.”
  • SECTION § 25.2503-2 - Exclusions from gifts.
  • SECTION § 25.2503-3 - Future interests in property.
  • SECTION § 25.2503-4 - Transfer for the benefit of a minor.
  • SECTION § 25.2503-6 - Exclusion for certain qualified transfer for tuition or medical expenses.
  • SECTION § 25.2504-1 - Taxable gifts for preceding calendar periods.
  • SECTION § 25.2504-2 - Determination of gifts for preceding calendar periods.
  • SECTION § 25.2505-0 - Table of contents.
  • SECTION § 25.2505-1 - Unified credit against gift tax; in general.
  • SECTION § 25.2505-2 - Gifts made by a surviving spouse having a DSUE amount available.

• Transfers

  • SECTION § 25.2511-1 - Transfers in general.
  • SECTION § 25.2511-2 - Cessation of donor's dominion and control.
  • SECTION § 25.2511-3 - Transfers by nonresidents not citizens.
  • SECTION § 25.2512-0 - Table of contents.
  • SECTION § 25.2512-1 - Valuation of property; in general.
  • SECTION § 25.2512-2 - Stocks and bonds.
  • SECTION § 25.2512-3 - Valuation of interest in businesses.
  • SECTION § 25.2512-4 - Valuation of notes.
  • SECTION § 25.2512-5 - Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.
  • SECTION § 25.2512-6 - Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.
  • SECTION § 25.2512-7 - Effect of excise tax.
  • SECTION § 25.2512-8 - Transfers for insufficient consideration.
  • SECTION § 25.2513-1 - Gifts by husband or wife to third party considered as made one-half by each.
  • SECTION § 25.2513-2 - Manner and time of signifying consent.
  • SECTION § 25.2513-3 - Revocation of consent.
  • SECTION § 25.2513-4 - Joint and several liability for tax.
  • SECTION § 25.2514-1 - Transfers under power of appointment.
  • SECTION § 25.2514-2 - Powers of appointment created on or before October 21, 1942.
  • SECTION § 25.2514-3 - Powers of appointment created after October 21, 1942.
  • SECTION § 25.2515-1 - Tenancies by the entirety; in general.
  • SECTION § 25.2515-2 - Tenancies by the entirety; transfers treated as gifts; manner of election and valuation.
  • SECTION § 25.2515-3 - Termination of tenancy by the entirety; cases in which entire value of gift is determined under section 2515(b).
  • SECTION § 25.2515-4 - Termination of tenancy by entirety; cases in which none, or a portion only, of value of gift is determined under section 2515(b).
  • SECTION § 25.2516-1 - Certain property settlements.
  • SECTION § 25.2516-2 - Transfers in settlement of support obligations.
  • SECTION § 25.2518-1 - Qualified disclaimers of property; in general.
  • SECTION § 25.2518-2 - Requirements for a qualified disclaimer.
  • SECTION § 25.2518-3 - Disclaimer of less than an entire interest.

• Actuarial Tables Applicable Before June 1, 2023

  • SECTION § 25.2512-5A - Valuation of annuities, interests for life or a term of years, and remainder or reversionary interests transferred before June 1, 2023.

• Deductions

  • SECTION § 25.2519-1 - Dispositions of certain life estates.
  • SECTION § 25.2519-2 - Effective date.
  • SECTION § 25.2521-1 - Specific exemption.
  • SECTION § 25.2522(a)-1 - Charitable and similar gifts; citizens or residents.
  • SECTION § 25.2522(b)-1 - Charitable and similar gifts; nonresidents not citizens.
  • SECTION § 25.2522(c)-1 - Disallowance of charitable, etc., deductions because of “prohibited transactions” in the case of gifts made before January 1, 1970.
  • SECTION § 25.2522(c)-2 - Disallowance of charitable, etc., deductions in the case of gifts made after December 31, 1969.
  • SECTION § 25.2522(c)-3 - Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969.
  • SECTION § 25.2522(c)-4 - Disallowance of double deduction in the case of qualified terminable interest property.
  • SECTION § 25.2522(d)-1 - Additional cross references.
  • SECTION § 25.2523(a)-1 - Gift to spouse; in general.
  • SECTION § 25.2523(b)-1 - Life estate or other terminable interest.
  • SECTION § 25.2523(c)-1 - Interest in unidentified assets.
  • SECTION § 25.2523(d)-1 - Joint interests.
  • SECTION § 25.2523(e)-1 - Marital deduction; life estate with power of appointment in donee spouse.
  • SECTION § 25.2523(f)-1 - Election with respect to life estate transferred to donee spouse.
  • SECTION § 25.2523(g)-1 - Special rule for charitable remainder trusts.
  • SECTION § 25.2523(h)-1 - Denial of double deduction.
  • SECTION § 25.2523(h)-2 - Effective dates.
  • SECTION § 25.2523(i)-1 - Disallowance of marital deduction when spouse is not a United States citizen.
  • SECTION § 25.2523(i)-2 - Treatment of spousal joint tenancy property where one spouse is not a United States citizen.
  • SECTION § 25.2523(i)-3 - Effective date.
  • SECTION § 25.2524-1 - Extent of deductions.

• Deductions Prior to 1982

  • SECTION § 25.2523(f)-1A - Special rule applicable to community property transferred prior to January 1, 1982.

• Special Valuation Rules

  • SECTION § 25.2701-0 - Table of contents.
  • SECTION § 25.2701-1 - Special valuation rules in the case of transfers of certain interests in corporations and partnerships.
  • SECTION § 25.2701-2 - Special valuation rules for applicable retained interests.
  • SECTION § 25.2701-3 - Determination of amount of gift.
  • SECTION § 25.2701-4 - Accumulated qualified payments.
  • SECTION § 25.2701-5 - Adjustments to mitigate double taxation.
  • SECTION § 25.2701-6 - Indirect holding of interests.
  • SECTION § 25.2701-7 - Separate interests.
  • SECTION § 25.2701-8 - Effective dates.
  • SECTION § 25.2702-0 - Table of contents.
  • SECTION § 25.2702-1 - Special valuation rules in the case of transfers of interests in trust.
  • SECTION § 25.2702-2 - Definitions and valuation rules.
  • SECTION § 25.2702-3 - Qualified interests.
  • SECTION § 25.2702-4 - Certain property treated as held in trust.
  • SECTION § 25.2702-5 - Personal residence trusts.
  • SECTION § 25.2702-6 - Reduction in taxable gifts.
  • SECTION § 25.2702-7 - Effective dates.
  • SECTION § 25.2703-1 - Property subject to restrictive arrangements.
  • SECTION § 25.2703-2 - Effective date.
  • SECTION § 25.2704-1 - Lapse of certain rights.
  • SECTION § 25.2704-2 - Transfers subject to applicable restrictions.
  • SECTION § 25.2704-3 - Effective date.

• Procedure and Administration

  • SECTION § 25.6061-1 - Signing of returns and other documents.
  • SECTION § 25.6065-1 - Verification of returns.
  • SECTION § 25.6075-1 - Returns, time for filing gift tax returns for gifts made after December 31, 1981.
  • SECTION § 25.6075-2 - Returns; time for filing gift tax returns for gifts made after December 31, 1976, and before January 1, 1982.
  • SECTION § 25.6081-1 - Automatic extension of time for filing gift tax returns.
  • SECTION § 25.6091-1 - Place for filing returns and other documents.
  • SECTION § 25.6091-2 - Exceptional cases.
  • SECTION § 25.6107-1 - Tax return preparer must furnish copy of return to taxpayer and must retain a copy or record.
  • SECTION § 25.6109-1 - Tax return preparers furnishing identifying numbers for returns or claims for refund.
  • SECTION § 25.6151-1 - Time and place for paying tax shown on return.
  • SECTION § 25.6161-1 - Extension of time for paying tax or deficiency.
  • SECTION § 25.6165-1 - Bonds where time to pay tax or deficiency has been extended.
  • SECTION § 25.6302-1 - Voluntary payments of gift taxes by electronic funds transfer.
  • SECTION § 25.6321-1 - Lien for taxes.
  • SECTION § 25.6323-1 - Validity and priority against certain persons.
  • SECTION § 25.6324-1 - Special lien for gift tax.
  • SECTION § 25.6601-1 - Interest on underpayment, nonpayment, or extensions of time for payment, of tax.
  • SECTION § 25.6694-1 - Section 6694 penalties applicable to tax return preparer.
  • SECTION § 25.6694-2 - Penalties for understatement due to an unreasonable position.
  • SECTION § 25.6694-3 - Penalty for understatement due to willful, reckless, or intentional conduct.
  • SECTION § 25.6694-4 - Extension of period of collection when tax return preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.
  • SECTION § 25.6695-1 - Other assessable penalties with respect to the preparation of tax returns for other persons.
  • SECTION § 25.6696-1 - Claims for credit or refund by tax return preparers.
  • SECTION § 25.6905-1 - Discharge of executor from personal liability for decedent's income and gift taxes.
  • SECTION § 25.7101-1 - Form of bonds.
  • SECTION § 25.6001-1 - Records required to be kept.
  • SECTION § 25.6011-1 - General requirement of return, statement, or list.
  • SECTION § 25.6011-4 - Requirement of statement disclosing participation in certain transactions by taxpayers.
  • SECTION § 25.6019-1 - Persons required to file returns.
  • SECTION § 25.6019-2 - Returns required in case of consent under section 2513.
  • SECTION § 25.6019-3 - Contents of return.
  • SECTION § 25.6019-4 - Description of property listed on return.
  • SECTION § 25.6060-1 - Reporting requirements for tax return preparers.

• General Actuarial Valuations

  • SECTION § 25.7520-1 - Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
  • SECTION § 25.7520-2 - Valuation of charitable interests.
  • SECTION § 25.7520-3 - Limitation on the application of section 7520.
  • SECTION § 25.7520-4 - Transitional rules.
  • SECTION § 25.7701-1 - Tax return preparer.
  • SECTION § 25.7701-2 - Definitions; spouse, husband and wife, husband, wife, marriage.