Cal. Code Regs. tit. 18 § 15551.10
Current through Register 2024 Notice Reg. No. 50, December 13, 2024
If the donee does not receive the interest or dividends as part of the gift, interest accrued on bonds or dividends declared on stocks prior to the date of a gift of the bonds or stocks will not be treated as augmenting the taxable value of the bonds or stocks.
NOTE: Reference: Section 15551, Revenue and Taxation Code.
Cal. Code Regs. Tit. 18, § 15551.10