Cal. Code Regs. tit. 18 § 15103.10
Current through Register 2025 Notice Reg. No. 1, January 3, 2025
Inasmuch as the gift tax is a tax upon the privilege of transferring property by gift, and not upon the subject of the gift, tax-exempt federal, state, or municipal bonds or other evidences of indebtedness are subject to the Gift Tax Law.
Cal. Code Regs. Tit. 18, § 15103.10
Note: Reference: Section 15103, Revenue and Taxation Code.