New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 8 - ASSESSMENT AND VALUATION
Section 18:26-8.21 - Vested remainders after estate for life, estate for a term of years, or annuity
Universal Citation: NJ Admin Code 18:26-8.21
Current through Register Vol. 56, No. 6, March 18, 2024
When a vested remainder interest in any property subject to the New Jersey transfer inheritance tax is bequeathed, devised, conveyed, granted, sold, or given subject to one or more life estates, estates for a term of years, or annuities, such vested remainder is valued by first ascertaining the clear market value of the whole property and then deducting the value of each such life estate, estate for a term of years, or annuity as determined in accordance with the provisions of N.J.A.C. 18:26-8.20.
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