Cal. Code Regs. tit. 18 § 15552.8

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 15552.8 - Tables

Tables A(1) and A(2) showing the present value of an annuity, a life estate and a remainder of $1 per year during the life of a person of a specified age, based on United States Life Tables: 1959-1961, published by the United States Department of Health, Education and Welfare, Public Health Service, with interest at 6 percent per annum compounded annually.

CAUTION: The tables immediately following are effective as to gifts made on or after January 1, 1975. For gifts made prior to January 1, 1975, but on or after November 10, 1969, refer to Tables C and D, contained in Section 15552.9. For gifts made prior to November 10, 1969, use Actuaries Combined Experience Tables of Mortality with interest at 4 percent, showing present value of annuity of $1 per year during life of person of specified age, if date of gift was on or after July 1, 1945. For gifts made prior to July 1, 1945, use Actuaries Combined Experience Table of Mortality with interest at 5 percent, showing present value of annuity of $1 per year during life of person of specified age.

TABLE A(1)

Table, single life male, 6 percent, showing the present worth of an annuity, of a life interest, and of a remainder interest

1	2	3	4
Age	Annuity	Life Estate	Remainder
0	15.6125	0.93705	0.06295
1	16.0362	.96217	.03783
2	16.0283	.96170	.03830
3	16.0089	.96053	.03947
4	15.9841	.95906	.04095
5	15.9553	.95732	.04258
6	15.9233	.95340	.04460
7	15.8885	.95331	.04889
8	15.8506	.95105	.04895
9	15.8101	.94851	.05139
10	15.7663	.94598	.05402
11	15.7194	.94316	.05684
12	15.6696	.94019	.05981
13	15.6150	.93708	.06292
14	15.5651	.93391	.06809
15	15.5115	.93089	.06931
16	15.4576	.92745	.07254
17	15.4031	.92419	.07581
18	15.3481	.92089	.07911
19	15.2918	.91751	.08249
20	15.2339	.91403	.08597
21	15.1744	.91046	.08954
22	15.1130	.90678	.09328
23	15.0487	.90292	.09708
24	14.9807	.89884	.10116
25	14.9075	.89445	.10555
26	14.8987	.88972	.11028
27	14.7442	.88465	.11535
28	14.6542	.87925	.12075
29	14.5588	.87353	.12647
30	14.4584	.86750	.13250
31	14.3528	.86117	.13683
32	14.2418	.85451	.14549
33	14.1254	.84752	.15248
34	14.0034	.84020	.15980
35	13.5758	.83255	.16745
36	13.7425	.82455	.17545
37	13.6035	.81622	.18378
38	13.4591	.80755	.19245
39	13.3090	.79854	.20145
40	13.1538	.78923	.21077
41	12.9934	.77950	.22040
42	12.8279	.76967	.23033
43	12.6574	.75944	.24056
44	12.4819	.74891	.25109
45	12.3013	.73808	.26192
46	12.1158	.72695	.27305
47	11.9253	.71552	.28448
48	11.7308	.70385	.29615
49	11.5330	.69198	.30802
50	11.3329	.67997	.32003
51	11.1308	.66785	.33215
52	10.9267	.65580	.34440
53	10.7200	.64320	.35680
54	10.5100	.63060	.36940
55	10.2950	.61776	.38224
56	10.0777	.60486	.39534
57	9.8552	.59131	.40889
58	9.6297	.57778	.42222
59	9.4028	.56417	.43583
60	9.1753	.55052	.44945
61	9.9478	.53687	.46313
62	8.7202	.52321	.47679
63	8.4934	.50954	.49046
64	8.2642	.49585	.50415
65	8.0353	.48212	.51788
66	7.8080	.46836	.53164
67	7.5763	.45458	.54542
68	7.3462	.44077	.55923
69	7.1149	.42689	.57311
70	6.8823	.41294	.58706
71	6.6481	.39889	.60111
72	6.4123	.38474	.61596
73	6.1752	.37051	.62949
74	5.9373	.35624	.64376
75	5.6990	.34194	.65806
76	5.4602	.32761	.67239
77	5.2211	.31327	.66673
78	4.9825	.29895	.70105
79	4.7469	.28481	.71519
80	4.5164	.27098	.72902
81	4.2955	.25773	.74227
82	4.0679	.24527	.75473
83	3.8924	.23354	.76645
84	3.7029	.22217	.77783
85	3.5117	.21070	.78930
86	3.3259	.19955	.80045
87	3.1450	.18820	.81130
88	2.9703	.17822	.82178
89	2.8052	.16831	.83169
90	2.6536	.15922	.84078
91	2.5162	.15097	.84903
92	2.3917	.14350	.85650
93	2.2801	.13681	.86319
94	2.1802	.13081	.86919
95	2.0891	.12535	.87485
96	1.9997	.11996	.88002
97	1.9145	.11457	.88513
98	1.8331	.10999	.89001
99	1.7554	.10532	.89465
100	1.6512	.10067	.89913
101	1.6101	.09551	.90339
102	1.5416	.09250	.90750
103	1.4744	.08846	.91154
104	1.4065	.08439	.91561
105	1.3334	.08000	.99000
106	1.2452	.07471	.92520
107	1.1196	.06718	.93282
108	.9043	.05426	.94574
109	.4717	.02830	.97170

TABLE A(2)

Table, single life female, 6 percent, showing the present worth of an annuity, of a life interest, and of a remainder interest

1	2	3	4
Age	Annuity	Life Estate	Remainder
0	15.8972	0.98383	0.04617
1	16.2284	.97370	.02630
2	16.2287	.97372	.02628
3	16.2180	.97308	.02609
4	16.2029	.97217	.02783
5	16.1850	.97110	.02890
6	16.1648	.98989	.03011
7	16.1421	.98853	.03147
8	16.1172	.98703	.03297
9	16.0910	.96541	.03459
10	16.0808	.96365	.03635
11	16.0293	.96176	.03824
12	15.9958	.95975	.03025
13	15.9607	.95764	.03236
14	15.9239	.95543	.03457
15	15.8856	.96314	.04686
16	15.8480	.95076	.04924
17	15.8048	.94829	.05171
18	15.7620	.94572	.05428
19	15.7172	.94303	.05697
20	15.6701	.94021	.05979
21	15.6207	.93724	.06276
22	15.5687	.93412	.06588
23	15.5141	.93085	.06915
24	15.4565	.92739	.07261
25	15.3959	.92375	.07625
26	15.3322	.91993	.08007
27	15.2652	.91591	.08409
28	15.1946	.91168	.08832
29	15.1203	.90725	.09275
30	15.0432	.90259	.09741
31	14.9822	.89773	.10227
32	14.5775	.89265	.10735
33	14.7888	.88733	.11257
34	14.6960	.88176	.11824
35	14.5989	.87593	.12407
36	14.4975	.86985	.13015
37	14.3915	.86349	.13651
38	14.2811	.85687	.14313
39	14.1663	.84998	.15002
40	14.0458	.84281	.15719
41	13.9227	.83536	.16464
42	13.7940	.82764	.17236
43	13.6604	.81962	.18035
44	13.5219	.81131	.18889
45	13.3781	.80269	.19731
46	13.2290	.79374	.20896
47	13.0746	.78448	.21552
48	12.9147	.77488	.22512
49	12.7496	.76498	.23502
50	12.5793	.75475	.24524
51	12.4039	.74423	.25577
52	12.2232	.73339	.26651
53	12.0367	.72220	.27780
54	11.8436	.71062	.28938
55	11.6432	.69859	.30141
56	11.4353	.68512	.31388
57	11.2200	.67320	.32680
58	10.9980	.65988	.34012
59	10.7703	.64622	.35378
60	10.5376	.63296	.36774
61	10.3005	.61803	.38197
62	10.0587	.60352	.39648
63	9.8118	.68871	.41129
64	9.5592	.67355	.42645
65	9.3005	.55803	.44197
66	9.0352	.54211	.45789
67	8.7639	.52563	.47417
68	8.4874	.50924	.49076
69	8.2068	.59341	.50759
70	7.9234	.47540	.52460
71	7.6371	.45823	.54177
72	7.3480	.44088	.55912
73	7.0568	.42341	.57659
74	6.7645	.40587	.59413
75	6.4721	.38833	.61167
76	6.1788	.37073	.62927
77	5.8845	.35307	.64693
78	5.5910	.33546	.66454
79	5.3018	.31811	.68189
80	5.0195	.30117	.69883
81	4.7482	.28489	.71511
82	4.4892	.26935	.73065
83	4.2398	.25439	.74561
84	3.9927	.23956	.76044
85	3.7401	.22441	.77559
86	2.5016	.21010	.78990
87	2.2790	.19674	.80396
88	2.0719	.18431	.81569
89	2.8808	.17285	.82715
90	2.7068	.16241	.83759
91	2.5502	.15301	.84699
92	2.4116	.14470	.85530
93	2.2901	.13741	.86259
94	2.1839	.13103	.86897
95	2.0891	.12535	.87465
96	1.9997	.11998	.88002
97	1.9145	.11487	.88513
98	1.8331	.10999	.89001
99	1.7554	.10532	.89488
100	1.6512	.10067	.89913
101	1.6101	.09661	.90339
102	1.5416	.09250	.90750
103	1.4744	.08845	.91154
104	1.4085	.08439	.91561
105	1.3334	.08000	.99000
106	1.2452	.07471	.98599
107	1.1196	.06718	.93289
108	.9043	.05426	.94574
109	.4717	.02830	.97170

(b) Table B showing the present value of an annuity for a term certain, income for a term certain and of a remainder interest postponed for a term certain, based on United States Life Tables: 1959-1961, published by the United States Department of Health, Education and Welfare, Public Health Service, with interest at 6 percent per annum.

(Effective as to gifts made on or after January 1, 1975.)

TABLE B

Table showing the present worth at 6 percent of an annuity for a term certain, of an income interest for a term certain, and of a remainder interest postponed for a term certain

1	2	3	4
Number of Years	Annuity	Term Certain	Remainder
1	0.9434	.056804	.943396
2	1.8334	.110004	.889996
3	2.6730	.160361	.839619
4	3.4651	.207905	.799094
5	4.2124	.252742	.747258
6	4.9173	.295039	.704961
7	5.5824	.334943	.665057
8	6.2098	.372585	.627412
9	6.2017	.406102	.591898
10	7.3601	.441605	.558395
11	7.8889	.295039	.525788
12	8.3838	.334943	.496959
13	8.8527	.372585	.468839
14	9.2950	.406102	.442301
15	9.7122	.582735	.417265
16	10.1059	.606354	.393646
17	10.4773	.628636	.371364
18	10.3276	.649655	.360344
19	11.1581	.669487	.330513
20	11.4899	.686195	.311805
21	11.7541	.705845	.294155
22	12.0416	.729495	.277305
23	12.3034	.738903	.261797
24	12.5504	.753021	.245979
25	12.7634	.767001	.233999
26	13.0032	.780190	.219810
27	13.2105	.799632	.207365
28	13.4062	.804370	.195630
29	13.5907	.815443	.184557
30	13.7648	.825890	.174110
31	13.9291	.835745	.164255
32	14.0840	.845043	.154957
33	14.2302	.853814	.146186
34	14.3651	.862088	.137912
35	14.4952	.869895	.130105
36	14.6210	.877259	.122741
37	14.7365	.884207	.115793
38	14.8460	.890761	.109239
39	14.9491	.896944	.103056
40	15.0463	.902778	.097222
41	15.1380	.908281	.091719
42	15.2245	.913473	.086527
43	15.3062	.918370	.081630
44	15.3832	.922991	.077009
45	15.4558	.927350	.072650
46	15.5244	.931462	.068538
47	15.5890	.935352	.064656
48	15.6500	.939002	.060998
49	15.7076	.942454	.057543
50	15.7619	.945712	.054288
51	15.8131	.945785	.051215
52	15.8614	.951684	.045316
53	15.9070	.954418	.045582
54	15.9500	.956999	.043001
55	15.9905	.959433	.040567
56	16.0988	.961729	.038271
57	16.0649	.963895	.036105
58	16.0990	.965939	.034061
59	16.1311	.967867	.032133
60	16.1614	.969686	.030314

(c) Adjustment Factors for Annuities Payable at Regular Intervals of Less Than One Year. If a life annuity or an annuity certain is payable at the end of semiannual, quarterly, monthly or weekly periods, the following adjustment factors should be used:

Semiannual.	1.0148
Quarterly.	1.0222
Monthly.	1.0272
Weekly.	1.0291

If an annuity for a term certain is payable at the beginning of the annual or other payment period, the following adjustment factor should be used:

Annual.	1.0600
Semiannual.	1.0448
Quarterly.	1.0372
Monthly.	1.0322
Weekly.	1.0303

However, a provision that the income from property is to be paid in semiannual, quarterly, bimonthly, monthly or weekly installments does not affect the value to be assigned to the life interest.

NOTE: Reference: Section 15552, Revenue and Taxation Code.

Cal. Code Regs. Tit. 18, § 15552.8