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§ 15103.9. Future Interest.

18 CA ADC § 15103.9Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 18. Public Revenues
Division 2.5. State Controller (Refs & Annos)
Chapter 2. Gift Tax (Refs & Annos)
Article 1. Definitions
18 CCR § 15103.9
§ 15103.9. Future Interest.
The term “future interest” includes a remainder of other estate or interest in property, whether vested or contingent, the right to the use, possession, or enjoyment of which is limited to commence at, or is postponed to, some future date or time.
Note: As to the exclusion of future interests from the annual exemption, see Revenue and Taxation Code Section 15402.

Credits

Note: Reference: Section 15103, Revenue and Taxation Code.
This database is current through 6/14/24 Register 2024, No. 24.
Cal. Admin. Code tit. 18, § 15103.9, 18 CA ADC § 15103.9
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