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§ 13953. Tables.

18 CA ADC § 13953Barclays 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 § 13953

§ 13953. Tables.

Currentness

(a) 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 estates of decedents dying on or after January 1, 1975. For decedents dying prior to January 1, 1975, but on or after November 10, 1969, refer to Tables C and D, contained in Section 13953.1. For decedents dying 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 death was on or after July 1, 1945. For decedents dying prior to July 1, 1945, use Actuaries Combined Experience Tables 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	1	2	3	4
Age	Annuity	Life Estate	Remainder	Age	Annuity	Life Estate	Remainder
0	15.6175	0.93705	0.06295	55	10.2960	0.61776	0.38224
1	16.0362	.96217	.03783	56	10.0777	60466	.39534
2	16.0283	.96170	.03830	57	9.8552	.59131	.40869
3	16.0089	.96053	.03947	58	9.6297	.57778	.42222
4	15.9841	.95905	.04095	59	9.4028	.56417	.43583
5	15.9553	.95732	.04268	60	9.1753	.55052	.44948
6	15.9233	.95540	.04460	61	8.9478	.53687	.46313
7	15.8885	.95331	.04669	62	8.7202	.52321	.47679
8	15.8508	.95105	.04895	63	8.4924	.50954	.49046
9	15.8101	.94861	.05139	64	8.2642	.49585	.50415
10	15.7663	.94598	.05402	65	8.0353	.48212	.51788
11	15.7194	.94316	.05684	66	7.8060	.46836	.53164
12	15.6698	.94019	.05981	67	7.5763	.45458	.54542
13	15.6180	.93708	.06292	68	7.3462	.44077	.55923
14	15.5651	.93391	.06609	69	7.1149	.42689	.57311
15	15.5115	.93069	.06931	70	6.8823	.41294	.58706
16	15.4576	.92746	.07254	71	6.6481	.39889	.60111
17	15.4031	.92419	.07581	72	6.4123	.38474	.61526
18	15.3481	.92089	.07911	73	6.1752	.37051	.62949
19	15.2918	.91751	.08249	74	5.9373	.35624	.64376
20	15.2339	.91403	.08597	75	5.6990	.34194	.65806
21	15.1744	.91046	.08954	76	5.4602	.32761	.67239
22	15.1130	.90678	.09328	77	5.2211	.31327	.68673
23	15.0487	.90292	.09708	78	4.9825	.29895	.70105
24	14.9807	.89884	.10116	79	4.7469	.28481	.71519
25	14.9075	.89445	.10555	80	4.5164	.27098	.72902
26	14.8287	.88972	.11028	81	4.2955	.25773	.74227
27	14.7442	.88465	.11535	82	4.0879	.24527	.75473
28	14.6542	.87925	.12075	83	3.8924	.23354	.76646
29	14.5588	.87353	.12647	84	3.7029	.22217	.77783
30	14.4584	.86750	.13250	85	3.5117	.21070	.78930
31	14.3528	.86117	.13883	86	3.3259	.19955	.80045
32	14.2418	.85451	.14549	87	3.1450	.18820	.81130
33	14.1254	.84752	.15248	88	2.9703	.17822	.82178
34	14.0034	.84020	.15980	89	2.8052	.16831	.83169
35	13.8758	.83255	.16745	90	2.6536	.15922	.84078
36	13.7425	.82455	.17545	91	2.5162	.15097	.84903
37	13.6036	.81622	.18378	92	2.3917	.14350	.85650
38	13.4591	.80755	.19245	93	2.2801	.13681	.86319
39	13.3090	.79854	.20146	94	2.1802	.13081	.86919
40	13.1538	.78923	.21077	95	2.0891	.12535	.87465
41	12.9934	.77960	.22040	96	1.9997	.11998	.88002
42	12.8279	.76967	.23033	97	1.9145	.11487	.88513
43	12.6574	.75944	.24056	98	1.8331	.10999	.89001
44	12.4819	.74891	.25109	99	1.7554	.10532	.89468
45	12.3013	.73808	.26192	100	1.6812	.10087	.89913
46	12.1158	.72695	.27305	101	1.6101	.09661	.90339
47	11.9253	.71552	.28448	102	1.5416	.09250	.90750
48	11.7308	.70385	.29615	103	1.4744	.08846	.91154
49	11.5330	.69198	.30802	104	1.4065	.08439	.91561
50	11.3329	.67997	.32003	105	1.3334	.08000	.92000
51	11.1308	.66785	.33215	106	1.2452	.07471	.92520
52	10.9267	.65560	.34440	107	1.1196	.06718	.93282
53	10.7200	.64320	.35680	108	.9043	.05426	.94574
54	10.5100	.63060	.36940	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	1	2	3	4
Age	Annuity	Life Estate	Remainder	Age	Annuity	Life Estate	Remainder
0	15.8972	0.95383	0.04617	55	11.6432	0.69859	0.30141
1	16.2284	.97370	.02630	56	11.4353	.68612	.31388
2	16.2287	.97372	.02628	57	11.2200	.67320	.32680
3	16.2180	.97308	.02692	58	10.9980	.65988	.34012
4	16.2029	.97217	.02783	59	10.7703	.64622	.35378
5	16.1850	.97110	.02890	60	10.5376	.63226	.36774
6	16.1648	.96989	.03011	61	10.3005	.61803	.38197
7	16.1421	.96853	.03147	62	10.0587	.60352	.39648
8	16.1172	.96703	.03297	63	9.8118	.58871	.41129
9	16.0910	.96541	.03459	64	9.5592	.57355	.42645
10	16.0608	.96365	.03635	65	9.3005	.55803	.44197
11	16.0293	.96176	.03824	66	9.0352	.54211	.45789
12	15.9958	.95975	.04025	67	8.7639	.52583	.47417
13	15.9607	.95764	.04236	68	8.4874	.50924	.49076
14	15.9239	.95543	.04457	69	8.2068	.49241	.50759
15	15.8856	.95314	.04686	70	7.9234	.47540	.52460
16	15.8460	.95076	.04924	71	7.6371	.45823	.54177
17	15.8048	.94829	.05171	72	7.3480	.44088	.55912
18	15.7620	.94572	.05428	73	7.0568	.42341	.57659
19	15.7172	.94303	.05697	74	6.7645	.40587	.59413
20	15.6701	.94021	.05979	75	6.4721	.38833	.61167
21	15.6207	.93724	.06276	76	6.1788	.37073	.62927
22	15.5687	.93412	.06588	77	5.8845	.35307	.64693
23	15.5141	.93085	.06915	78	5.5910	.33546	.66454
24	15.4565	.92739	.07261	79	5.3018	.31811	.68189
25	15.3959	.92375	.07625	80	5.0195	.30117	.69883
26	15.3322	.91993	.08007	81	4.7482	.28489	.71511
27	15.2652	.91591	.08409	82	4.4892	.26935	.73065
28	15.1946	.91168	.08832	83	4.2398	.25439	.74561
29	15.1208	.90725	.09275	84	3.9927	.23956	.76044
30	15.0432	.90259	.09741	85	3.7401	.22441	.77559
31	14.9622	.89773	.10227	86	3.5016	.21010	.78990
32	14.8775	.89265	.10735	87	3.2790	.19674	.80326
33	14.7888	.88733	.11267	88	3.0719	.18431	.81569
34	14.6960	.88176	.11824	89	2.8808	.17285	.82715
35	14.5989	.87593	.12407	90	2.7068	.16241	.83759
36	14.4975	.86985	.13015	91	2.5502	.15301	.84699
37	14.3915	.86349	.13651	92	2.4116	.14470	.85530
38	14.2811	.85687	.14313	93	2.2901	.13741	.86259
39	14.1663	.84998	.15002	94	2.1839	.13103	.86897
40	14.0468	.84281	.15719	95	2.0891	.12535	.87465
41	13.9227	.83536	.16464	96	1.9997	.11998	.88002
42	13.7940	.82764	.17236	97	1.9145	.11487	.88513
43	13.6604	.81962	.18038	98	1.8331	.10999	.89001
44	13.5219	.81131	.18869	99	1.7554	.10532	.89468
45	13.3781	.80269	.19731	100	1.6812	.10087	.89913
46	13.2290	.79374	.20626	101	1.6101	.09661	.90339
47	13.0746	.78448	.21552	102	1.5416	.09250	.90750
48	12.9147	.77488	.22512	103	1.4744	.08846	.91154
49	12.7496	.76498	.23502	104	1.4065	.08439	.91561
50	12.5793	.75476	.24524	105	1.3334	.08000	.92000
51	12.4039	.74423	.25577	106	1.2452	.07471	.92529
52	12.2232	.73339	.26661	107	1.1196	.06718	.93282
53	12.0367	.72220	.27780	108	.9043	.05426	.94574
54	11.8436	.71062	.28938	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 State Department of Health, Education and Welfare, Public Health Service, with interest at 6 percent per annum. (Effective as to decedents dying 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	1	2	3	4
Number of Years	Annuity	Term Certain	Remainder	Number of Years	Annuity	Term Certain	Remainder
1	0.9434	.056604	.943396	31	13.9291	.835745	.164255
2	1.8334	.110004	.889996	32	14.0840	.845043	.154957
3	2.6730	.160381	.839619	33	14.2302	.853814	.146186
4	3.4651	.207906	.792094	34	14.3681	.862088	.137912
5	4.2124	.252742	.747258	35	14.4982	.869895	.130105
6	4.9173	.295039	.704961	36	14.6210	.877259	.122741
7	5.5824	.334943	.665057	37	14.7368	.884207	.115793
8	6.2098	.372588	.627412	38	14.8460	.890761	.109239
9	6.8017	.408102	.591898	39	14.9491	.896944	.103056
10	7.3601	.441605	.558395	40	15.0463	.902778	.097222
11	7.8869	.473212	.526788	41	15.1380	.908281	.091719
12	8.3838	.503031	.496969	42	15.2245	.913473	.086527
13	8.8527	.531161	.468839	43	15.3062	.918370	.081630
14	9.2950	.557699	.442301	44	15.3832	.922991	.077009
15	9.7122	.582735	.417265	45	15.4558	.927350	.072650
16	10.1059	.606354	.393646	46	15.5244	.931462	.068538
17	10.4773	.628636	.371364	47	15.5890	.935342	.064658
18	10.8276	.649656	.350344	48	15.6500	.939002	.060998
19	11.1581	.669487	.330513	49	15.7076	.942454	.057546
20	11.4699	.688195	.311805	50	15.7619	.945712	.054288
21	11.7641	.705845	.294155	51	15.8131	.948785	.051215
22	12.0416	.722495	.277505	52	15.8614	.951684	.048316
23	12.3034	.738203	.261797	53	15.9070	.954418	.045582
24	12.5504	.753021	.246979	54	15.9500	.956999	.043001
25	12.7834	.767001	.232999	55	15.9905	.959433	.040567
26	13.0032	.780190	.219810	56	16.0288	.961729	.038271
27	13.2105	.792632	.207368	57	16.0649	.963895	.036105
28	13.4062	.804370	.195630	58	16.0990	.965939	.034061
29	13.5907	.815443	.184557	59	16.1311	.967867	.032133
30	13.7648	.825890	.174110	60	16.1614	.969686	.030314

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.

Credits

Note: Reference: Section 13953, Revenue and Taxation Code.

This database is current through 5/10/24 Register 2024, No. 19.

Cal. Admin. Code tit. 18, § 13953, 18 CA ADC § 13953

End of Document