Home Table of Contents

§ 13952.10. Refund Annuity Contract.

18 CA ADC § 13952.10Barclays 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 6. Valuation
18 CCR § 13952.10
§ 13952.10. Refund Annuity Contract.
Currentness
The value of a refund annuity contract at the date of the annuitant's death is:
(a) The full amount payable to the beneficiary, if such amount is payable in a lump sum.
(b) The present value at the annuitant's death of the amount payable to the beneficiary, if such amount is payable periodically or in the form of an annuity.
Note: As to the taxation of refund annuities, see Section 13648.1.
Note: Reference: Section 13952, Revenue and Taxation Code.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 18, § 13952.10, 18 CA ADC § 13952.10
End of Document