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§ 13692.4. Powers Joint with Creator of Power.

18 CA ADC § 13692.4Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 18. Public Revenues
Division 2.5. State Controller (Refs & Annos)
Chapter 1. Inheritance Tax (Refs & Annos)
Article 4.4. Powers of Appointment
18 CCR § 13692.4
§ 13692.4. Powers Joint with Creator of Power.
Currentness
Excepted from the definition of a general power of appointment is a power not exercisable by the donee of the power except in conjunction with the creator of the power. Transfer of property made subject to such a power is treated as a transfer by the creator of the power, taxability being determinable under Revenue and Taxation Code Sections 13641-13648.
Note: Reference: Section 13692, Revenue and Taxation Code.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 18, § 13692.4, 18 CA ADC § 13692.4
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