Source: https://www.law.cornell.edu/uscode/text/26/2632
Timestamp: 2018-05-24 00:30:17
Document Index: 64353883

Matched Legal Cases: ['§ 2632', '§ 2632', '§ 2632', '§\u202f1431', '§\u202f1014', '§\u202f561', '§\u202f561', '§\u202f561', '§\u202f561', 'art 26']

26 U.S. Code § 2632 - Special rules for allocation of GST exemption | US Law | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle B › Chapter 13 › Subchapter D › § 2632
26 U.S. Code § 2632 - Special rules for allocation of GST exemption
Special rules for allocation of GST exemption
(2) Unused portionFor purposes of paragraph (1), the unused portion of an individual’s GST exemption is that portion of such exemption which has not previously been—
(B) GST trustThe term “GST trust” means a trust that could have a generation-skipping transfer with respect to the transferor unless—
(A) In generalAn individual—
(2) Special rulesIf the allocation under paragraph (1) by the transferor is made on a gift tax return filed on or before the date prescribed by section 6075(b) for gifts made within the calendar year within which the non-skip person’s death occurred—
(1) In generalAny portion of an individual’s GST exemption which has not been allocated within the time prescribed by subsection (a) shall be deemed to be allocated as follows—
(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721; amended Pub. L. 100–647, title I, § 1014(g)(16), Nov. 10, 1988, 102 Stat. 3566; Pub. L. 107–16, title V, § 561(a), (b), June 7, 2001, 115 Stat. 86, 89.)
2001—Subsec. (b)(2). Pub. L. 107–16, § 561(b), substituted “or subsection (c)(1)” for “with respect to a prior direct skip”.
Subsecs. (c) to (e). Pub. L. 107–16, § 561(a), added subsecs. (c) and (d) and redesignated former subsec. (c) as (e).
Pub. L. 107–16, title V, § 561(c), June 7, 2001, 115 Stat. 89, provided that:
“(1)Deemed allocation.—
Section 2632(c) of the Internal Revenue Code of 1986 (as added by subsection (a)), and the amendment made by subsection (b) [amending this section], shall apply to transfers subject to chapter 11 or 12 made after December 31, 2000, and to estate tax inclusion periods ending after December 31, 2000.
“(2)Retroactive allocations.—
Section 2632(d) of the Internal Revenue Code of 1986 (as added by subsection (a)) shall apply to deaths of non-skip persons occurring after December 31, 2000.”
Extension of Time for Making Certain Elections : 2018-03-16
Inclusion Ratio : 2018-03-16
Special Rules for Allocation of GST Exemption : 2018-03-16
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2018-03-16
Valuation of Certain Gifts for Preceding Periods : 2018-03-16
Extension of Time for Making Certain Elections : 2018-01-19
Special Rules for Allocation of GST Exemption : 2018-01-19
Inclusion Ratio Defined : 2018-01-19
Extension of Time for Making Certain Elections : 2017-10-27
Inclusion Ratio : 2017-10-27
Special Rules for Allocation of GST Exemption : 2017-10-27
Deemed Allocation to Certain Lifetime Direct Skips : 2017-10-27
Inclusion Ratio : 2017-09-22
Special Rules for Allocation of GST Exemption : 2017-09-22
Extension of Time for Making Certain Elections : 2017-09-15
Inclusion Ratio : 2017-09-15
Special Rules for Allocation of GST Exemption : 2017-09-15
Inclusion Ratio : 2017-09-08
Special Rules for Allocation of GST Exemption : 2017-09-08
Inclusion Ratio : 2017-08-04
Extension of Time for Making Certain Elections : 2017-07-21
Inclusion Ratio : 2017-07-21
Special Rules for Allocation of GST Exemption : 2017-07-21
Special Rules for Allocation of GST Exemption : 2017-06-16
Inclusion Ratio : 2017-06-16
Other Definitions : 2017-06-16
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2017-06-16
Extension of Time for Making Certain Elections : 2017-05-05
Special Rules for Allocation of GST Exemption : 2017-05-05
Deemed Allocation to Certain Lifetime Direct Skips : 2017-04-07
Inclusion Ratio : 2016-12-30
Special Rules for Allocation of GST Exemption : 2016-12-30
Inclusion Ratio : 2016-10-28
Special Rules for Allocation of GST Exemption : 2016-10-28
Inclusion Ratio : 2016-09-30
Special Rules for Allocation of GST Exemption : 2016-09-30
Extension of Time for Making Certain Elections : 2016-09-23
Special Rules for Allocation of GST Exemption : 2016-09-23
Special Rules for Allocation of GST Exemption : 2016-09-16
Inclusion Ratio : 2016-09-16
Special Rules for Allocation of GST Exemption : 2016-09-02
Other Definitions : 2016-09-02
Transferor Defined : 2016-09-02
Inclusion Ratio : 2016-09-02
Extension of Time for Making Certain Elections : 2016-08-26
Special Rules for Allocation of GST Exemption : 2016-08-26
Extension of Time for Making Certain Elections : 2016-08-12
Time and Manner of Allocation : 2016-08-12
Special Rules for Allocation of GST Exemption : 2016-07-08
Extension of Time for Making Certain Elections : 2016-06-24
Special Rules for Allocation of GST Exemption : 2016-06-24
Extension of Time for Making Certain Elections : 2016-05-27
Special Rules for Allocation of GST Exemption : 2016-05-27
Special Election for QTIP : 2016-05-27
Inclusion Ratio : 2016-05-27
Special Rules for Allocation of GST Exemption : 2016-04-01
Extension of Time for Making Certain Elections : 2016-03-25
Special Rules for Allocation of GST Exemption : 2016-03-25
Extension of Time for Making Certain Elections : 2016-01-08
Special Rules for Allocation of GST Exemption : 2016-01-08
Special Rules for Allocation of GST Exemption : 2015-12-24
Special Rules for Allocation of GST Exemption : 2015-09-25
Special Rules for Allocation of GST Exemption : 2015-08-07
Special Election for QTIP : 2015-08-07
Special Rules for Allocation of GST Exemption : 2015-06-05
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2015-06-05
Extension of Time for Making Certain Elections : 2015-03-06
Special Rules for Allocation of GST Exemption : 2015-03-06
Special Rules for Allocation of GST Exemption : 2014-12-19
Allocation of Unused GST Exemption : 2014-11-21
Extension of Time for Making Certain Elections : 2014-10-24
Special Rules for Allocation of GST Exemption : 2014-10-24
Special Rules for Allocation of GST Exemption : 2014-10-17
Deemed Allocation to Certain Lifetime Direct Skips : 2014-08-15
Special Rules for Allocation of GST Exemption : 2014-08-08
Special Rules for Allocation of GST Exemption : 2014-07-11
Special Rules for Allocation of GST Exemption : 2014-06-27
Special Rules for Allocation of GST Exemption : 2014-06-06
Extension of Time for Making Certain Elections : 2014-05-30
Special Rules for Allocation of GST Exemption : 2014-05-30
Extension of Time for Making Certain Elections : 2013-12-20
Special Rules for Allocation of GST Exemption : 2013-12-20
Allocation of Unused GST Exemption : 2013-10-04
Special Rules for Allocation of GST Exemption : 2013-09-20
Social Clubs : 2013-05-31
Time and Manner of Allocation : 2013-05-31
Deemed Allocation to Certain Lifetime Direct Skips : 2013-05-24
Time and Manner of Allocation : 2013-05-17
Special Rules for Allocation of GST Exemption : 2013-04-19
Special Election for QTIP : 2013-04-19
Time and Manner of Allocation : 2013-04-19
Special Rules for Allocation of GST Exemption : 2013-04-12
Special Rules for Allocation of GST Exemption : 2013-04-05
Special Rules for Allocation of GST Exemption : 2013-03-08
Special Rules for Allocation of GST Exemption : 2013-01-11
Time and Manner of Allocation : 2012-12-28
Special Rules for Allocation of GST Exemption : 2012-10-19
Special Election for QTIP : 2012-10-19
Special Rules for Allocation of GST Exemption : 2012-08-10
Extension of Time for Making Certain Elections : 2012-08-03
Special Rules for Allocation of GST Exemption : 2012-08-03
Extension of Time for Making Certain Elections : 2011-12-23
Time and Manner of Allocation : 2011-12-23
GST Exemption : 2011-12-23
Special Rules for Allocation of GST Exemption : 2011-11-25
Other Definitions : 2011-11-25
Special Election for QTIP : 2011-11-25
Transferor Defined : 2011-11-25
Extension of Time for Making Certain Elections : 2011-07-01
Special Rules for Allocation of GST Exemption : 2011-07-01
Extension of Time for Making Certain Elections : 2011-06-24
Special Rules for Allocation of GST Exemption : 2011-06-24
Special Rules for Allocation of GST Exemption : 2011-06-17
Extension of Time for Making Certain Elections : 2011-06-10
Special Rules for Allocation of GST Exemption : 2011-06-10
Special Rules for Allocation of GST Exemption : 2011-05-06
Time and Manner of Allocation : 2011-04-15
Special Rules for Allocation of GST Exemption : 2011-01-21
Deemed Allocation to Certain Lifetime Direct Skips : 2010-10-22
Extension of Time for Making Certain Elections : 2010-04-09
Special Rules for Allocation of GST Exemption : 2010-04-09
Deemed Allocation to Certain Lifetime Direct Skips : 2010-04-09
Time and Manner of Allocation : 2010-03-12
Extension of Time for Making Certain Elections : 2010-01-22
Special Rules for Allocation of GST Exemption : 2010-01-22
Special Rules for Allocation of GST Exemption : 2010-01-08
Deemed Allocation to Certain Lifetime Direct Skips : 2010-01-08
Special Rules for Allocation of GST Exemption : 2010-01-01
Special Rules for Allocation of GST Exemption : 2009-10-30
Special Election for QTIP : 2009-09-04
Other Definitions : 2009-08-21
Allocation of Unused GST Exemption : 2009-08-21
Time and Manner of Allocation : 2009-08-21
Special Rules for Allocation of GST Exemption : 2009-08-21
Special Rules for Allocation of GST Exemption : 2009-07-31
Time and Manner of Allocation : 2009-07-31
Time and Manner of Allocation : 2009-07-24
Special Rules for Allocation of GST Exemption : 2009-07-24
Extension of Time for Making Certain Elections : 2009-06-26
Special Rules for Allocation of GST Exemption : 2009-06-26
Special Election for QTIP : 2009-06-26
Special Rules for Allocation of GST Exemption : 2009-06-19
Deemed Allocation to Certain Lifetime Direct Skips : 2009-05-08
9100.00-00 : 2009-05-08
Allocation of Unused GST Exemption : 2009-03-06
Time and Manner of Allocation : 2009-03-06
Special Rules for Allocation of GST Exemption : 2009-02-06
Special Rules for Allocation of GST Exemption : 2008-12-26
Time and Manner of Allocation : 2008-09-26
Special Rules for Allocation of GST Exemption : 2008-09-26
Time and Manner of Allocation : 2008-09-19
Special Rules for Allocation of GST Exemption : 2008-09-19
Special Rules for Allocation of GST Exemption : 2008-08-29
Special Rules for Allocation of GST Exemption : 2008-08-01
Time and Manner of Allocation : 2008-05-02
Special Rules for Allocation of GST Exemption : 2008-04-18
Special Election for QTIP : 2008-04-18
Special Rules for Allocation of GST Exemption : 2008-04-11
Extension of Time for Making Certain Elections : 2008-04-04
Special Rules for Allocation of GST Exemption : 2008-04-04
Special Rules for Allocation of GST Exemption : 2008-03-28
Time and Manner of Allocation : 2008-02-01
Special Rules for Allocation of GST Exemption : 2007-12-21
Special Rules for Allocation of GST Exemption : 2007-11-16
Special Rules for Allocation of GST Exemption : 2007-09-07
Time and Manner of Allocation : 2007-08-31
Extension of Time for Making Certain Elections : 2007-08-03
Time and Manner of Allocation : 2007-08-03
Time and Manner of Allocation : 2007-06-22
Special Rules for Allocation of GST Exemption : 2007-05-18
Deemed Allocation to Certain Lifetime Direct Skips : 2007-05-18
Time and Manner of Allocation : 2007-05-04
Time and Manner of Allocation : 2007-04-27
Special Rules for Allocation of GST Exemption : 2007-04-20
Deemed Allocation to Certain Lifetime Direct Skips : 2007-04-20
Allocation of Unused GST Exemption : 2007-04-20
Time and Manner of Allocation : 2007-04-13
Time and Manner of Allocation : 2007-04-06
Extension of Time for Making Certain Elections : 2007-03-09
Special Rules for Allocation of GST Exemption : 2007-03-09
Special Rules for Allocation of GST Exemption : 2007-01-19
Deemed Allocation to Certain Lifetime Direct Skips : 2007-01-19
Special Rules for Allocation of GST Exemption : 2007-01-12
Time and Manner of Allocation : 2007-01-12
Special Rules for Allocation of GST Exemption : 2006-12-22
Special Rules for Allocation of GST Exemption : 2006-11-03
Special Rules for Allocation of GST Exemption : 2006-09-08
Time and Manner of Allocation : 2006-08-25
Taxable Gifts Annual Exclusion Allowed v. Not Allowed : 2006-08-18
Special Rules for Allocation of GST Exemption : 2006-07-21
Extension of Time for Making Certain Elections : 2006-07-07
Time and Manner of Allocation : 2006-07-07
Special Rules for Allocation of GST Exemption : 2006-05-05
Extension of Time for Making Certain Elections : 2006-04-07
Special Rules for Allocation of GST Exemption : 2006-04-07
Extension of Time for Making Certain Elections : 2006-03-31
Special Rules for Allocation of GST Exemption : 2006-03-31
Time and Manner of Allocation : 2006-02-10
Time and Manner of Allocation : 2006-01-27
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2005-12-23
Special Rules for Allocation of GST Exemption : 2005-12-16
Special Rules for Allocation of GST Exemption : 2005-09-23
Time and Manner of Allocation : 2005-09-23
Special Rules for Allocation of GST Exemption : 2005-09-02
Deemed Allocation to Certain Lifetime Direct Skips : 2005-07-15
Special Election for QTIP : 2005-07-15
Time and Manner of Allocation : 2005-07-15
Special Election for QTIP : 2005-06-03
Special Rules for Allocation of GST Exemption : 2005-05-13
Transferor Defined : 2005-05-13
Extension of Time for Making Certain Elections : 2005-03-25
Special Rules for Allocation of GST Exemption : 2005-03-25
Special Rules for Allocation of GST Exemption : 2005-03-18
Special Rules for Allocation of GST Exemption : 2005-02-25
Special Election for QTIP : 2005-02-25
Time and Manner of Allocation : 2004-12-17
Time and Manner of Allocation : 2004-12-10
Allocation of Unused GST Exemption : 2004-11-19
Time and Manner of Allocation : 2004-11-19
Extension of Time for Making Certain Elections : 2004-10-22
Allocation of Unused GST Exemption : 2004-10-22
Time and Manner of Allocation : 2004-07-23
Special Election for QTIP : 2004-07-02
Time and Manner of Allocation : 2004-07-02
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2004-02-27
Time and Manner of Allocation : 2004-02-06
Time and Manner of Allocation : 2003-11-28
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2003-11-07
Allocation of Unused GST Exemption : 2003-10-10
Special Election for QTIP : 2003-10-10
Extension of Time for Making Certain Elections : 2003-09-19
Time and Manner of Allocation : 2003-09-19
Time and Manner of Allocation : 2003-09-05
Time and Manner of Allocation : 2003-08-08
Time and Manner of Allocation : 2003-07-25
Time and Manner of Allocation : 2003-07-18
Time and Manner of Allocation : 2003-07-04
Extension of Time for Making Certain Elections : 2003-05-30
Time and Manner of Allocation : 2003-05-30
Gifts by Husband or Wife to Third Party Gift Splitting Allowed v. Not Allowed : 2003-05-16
Time and Manner of Allocation : 2003-05-02
Time and Manner of Allocation : 2003-04-25
Extension of Time for Making Certain Elections : 2003-04-11
Time and Manner of Allocation : 2003-04-11
Special Election for QTIP : 2003-04-11
Allocation of Unused GST Exemption : 2003-04-11
Time and Manner of Allocation : 2003-04-04
Time and Manner of Allocation : 2003-03-07
Time and Manner of Allocation : 2003-01-24
Time and Manner of Allocation : 2003-01-17
Time and Manner of Allocation : 2003-01-10
Time and Manner of Allocation : 2003-01-03
Time and Manner of Allocation : 2002-11-29
Time and Manner of Allocation : 2002-11-22
Time and Manner of Allocation : 2002-11-08
Time and Manner of Allocation : 2002-10-04
Extension of Time for Making Certain Elections : 2002-08-30
Time and Manner of Allocation : 2002-08-30
Other Definitions : 2002-07-12
Extension of Time for Making Certain Elections : 2002-07-05
Time and Manner of Allocation : 2002-07-05
Special Rules for Allocation of GST Exemption : 2002-06-14
Time and Manner of Allocation : 2002-06-07
Time and Manner of Allocation : 2002-05-03
Special Rules for Allocation of GST Exemption : 2002-05-03
Gift Splitting by Married Couples : 2002-05-03
Time and Manner of Allocation : 2002-03-22
Deemed Allocation to Certain Lifetime Direct Skips : 2002-01-04
Special Rules for Allocation of GST Exemption : 2001-01-12
Special Rules for Allocation of GST Exemption : 2000-12-15
Special Election for QTIP : 2000-11-24
Allocation of Unused GST Exemption : 2000-11-24
Time and Manner of Allocation : 2000-10-06
Special Election for QTIP : 2000-08-18
Allocation of Unused GST Exemption : 2000-08-18
Time and Manner of Allocation : 2000-08-11
Extension of Time for Making Certain Elections : 2000-07-14
Allocation of Unused GST Exemption : 2000-07-14
Special Rules for Allocation of GST Exemption : 2000-07-07
Special Election for QTIP : 2000-05-05
Allocation of Unused GST Exemption : 2000-05-05
Special Rules for Allocation of GST Exemption : 2000-04-28
Special Rules for Allocation of GST Exemption : 1999-09-17
Extension of Time for Making Certain Elections : 1999-05-14
Time and Manner of Allocation : 1999-05-14
Time and Manner of Allocation : 1999-03-05
Allocation of Unused GST Exemption : 1999-02-26
Transferor Defined : 1999-02-26
Extension of Time for Making Certain Elections : 1999-02-05
Time and Manner of Allocation : 1999-02-05
26 CFR Part 26 - GENERATION-SKIPPING TRANSFER TAX REGULATIONS UNDER THE TAX REFORM ACT OF 1986