California Code of Regulations
Title 18 - Public Revenues
Division 2.5 - State Controller
Chapter 2 - Gift Tax
Article 3 - Community, Quasi-Community, and Separate Property
Section 15302.50 - Transfer of Quasi-Community Property to Third Person

Universal Citation: 18 CA Code of Regs 15302.50
Current through Register 2024 Notice Reg. No. 12, March 22, 2024

If quasi-community property is transferred to a third person, all of the property is subject to the Gift Tax Law and the spouse who owned the property is the donor, except that at the election of both spouses, each shall be the donor as to one-half.

NOTE: Reference: Section 15302.5, Revenue and Taxation Code.

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