(a) If the gift is made in property, the value thereof at the date of the gift shall be considered the amount of the gift.
(b) Where property is transferred for less than an adequate and full consideration in money or money's worth, then the amount by which the value of the property exceeded the value of the consideration shall be deemed a gift, and shall be included in computing the amount of gifts made during the calendar year.
For individual's right to be furnished on request a statement regarding any valuation made by the Secretary of a gift by that individual, see section 7517.
(Aug. 16, 1954, ch. 736, 68A Stat. 406; Pub. L. 91–614, title I, §102(b)(1), Dec. 31, 1970, 84 Stat. 1840; Pub. L. 94–455, title XX, §2008(a)(2)(B), Oct. 4, 1976, 90 Stat. 1891; Pub. L. 97–34, title IV, §442(b)(1), Aug. 13, 1981, 95 Stat. 322.)
1981—Subsec. (b). Pub. L. 97–34 substituted "calendar year" for "calendar quarters".
1976—Subsec. (c). Pub. L. 94–455 added subsec. (c).
1970—Subsec. (b). Pub. L. 91–614 substituted "calendar quarter" for "calendar year".
Amendment by Pub. L. 97–34 applicable with respect to gifts made after Dec. 31, 1981, see section 442(e) of Pub. L. 97–34, set out as a note under section 2501 of this title.
Amendment by Pub. L. 91–614 applicable with respect to gifts made after Dec. 31, 1970, see section 102(e) of Pub. L. 91–614, set out as a note under section 2501 of this title.
| § 25.2512-0 | Table of contents |
| § 25.2512-1 | Valuation of property; in general |
| § 25.2512-2 | Stocks and bonds |
| § 25.2512-3 | Valuation of interest in businesses |
| § 25.2512-4 | Valuation of notes |
| § 25.2512-5 | Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests |
| § 25.2512-6 | Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company |
| § 25.2512-7 | Effect of excise tax |
| § 25.2512-8 | Transfers for insufficient consideration |
| § 25.2512-5A | Valuation of annuities, interests for life or a term of years, and remainder or reversionary interests transferred before June 1, 2023 |
The Regulations cited above were determined based on programmatic database analysis using data provided by the Government Publishing Office. TouchTax attempts to hide unrelated regulation provisions. Due to limited GPO data, however, certain unrelated regulations may appear in some instances.
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