California Code of Regulations
Title 18 - Public Revenues
Division 2.5 - State Controller
Chapter 2 - Gift Tax
Article 5 - Valuation
Section 15551.3 - Separate Property Transferred into Community
Universal Citation: 18 CA Code of Regs 15551.3
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
The value of a gift to a spouse effected by the transfer or conversion of his or her spouse's separate property into their community is ordinarily one-half of the total market value of the separate property at the date of the gift.
Note: As to marital exclusion, see Section 15310. As to returning transfers or conversions of separate property into community property, see Section 15656.4.
NOTE: Reference: Section 15551, Revenue and Taxation Code.
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