Cal. Code Regs. tit. 18 § 15103.1

Current through Register 2025 Notice Reg. No. 1, January 3, 2025

Section 15103.1 - Property of Resident Donors

(a) Real Property.

Real property in this State belonging to a resident donor is subject to the Gift Tax Law. Real property outside the State belonging to a resident donor is not subject to the law.

(b) Tangible Personal Property.

Tangible personal property in this State belonging to a resident donor is subject to the Gift Tax Law. Tangible personal property permanently outside the State belonging to a resident donor is not subject to the law.

(c) Intangible Personal Property.

Intangible personal property, wherever situated, belonging to a resident donor is subject to the Gift Tax Law.

NOTE: Reference: Section 15103, Revenue and Taxation Code.

Cal. Code Regs. Tit. 18, § 15103.1