Cal. Code Regs. tit. 18 § 15551.5
Current through Register 2024 Notice Reg. No. 25, June 21, 2024
Unless it represents the actual market value of the property, the assessed value of real property for ad valorem taxation will not be accepted as the value thereof for gift tax purposes.
NOTE: Reference: Section 15551, Revenue and Taxation Code.
Cal. Code Regs. Tit. 18, § 15551.5