Cal. Code Regs. tit. 18 § 15104.6
Current through Register 2025 Notice Reg. No. 1, January 3, 2025
If A lends money to B, and then with donative intent permits the statute of limitations to run against his right to recover in an action at law upon the obligation, a gift to B occurs when the statute of limitations has run.
NOTE: Reference: Section 15104, Revenue and Taxation Code.
Cal. Code Regs. Tit. 18, § 15104.6