California Code of Regulations
Title 18 - Public Revenues
Division 2.5 - State Controller
Chapter 2 - Gift Tax
Article 5 - Valuation
Section 15552.8 - Tables

Universal Citation: 18 CA Code of Regs 15552.8

Current through Register 2024 Notice Reg. No. 12, March 22, 2024

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.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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