California Code of Regulations › Title 18 - Public Revenues › Division 2.5 - State Controller › Chapter 2 - Gift Tax › Article 5 - Valuation › Section 15552.8 - Tables

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
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 gifts made on or after January 1, 1975. For gifts made prior to
					 January 1, 1975, but on or after November 10, 1969, refer to Tables C and D,
					 contained in Section
					 15552.9.
					 For gifts made 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 gift
					 was on or after July 1, 1945. For gifts made prior to July 1, 1945, use
					 Actuaries Combined Experience Table 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
Age
Annuity
Life Estate
Remainder
0
15.6125
0.93705
0.06295
1
16.0362
.96217
.03783
2
16.0283
.96170
.03830
3
16.0089
.96053
.03947
4
15.9841
.95906
.04095
5
15.9553
.95732
.04258
6
15.9233
.95340
.04460
7
15.8885
.95331
.04889
8
15.8506
.95105
.04895
9
15.8101
.94851
.05139
10
15.7663
.94598
.05402
11
15.7194
.94316
.05684
12
15.6696
.94019
.05981
13
15.6150
.93708
.06292
14
15.5651
.93391
.06809
15
15.5115
.93089
.06931
16
15.4576
.92745
.07254
17
15.4031
.92419
.07581
18
15.3481
.92089
.07911
19
15.2918
.91751
.08249
20
15.2339
.91403
.08597
21
15.1744
.91046
.08954
22
15.1130
.90678
.09328
23
15.0487
.90292
.09708
24
14.9807
.89884
.10116
25
14.9075
.89445
.10555
26
14.8987
.88972
.11028
27
14.7442
.88465
.11535
28
14.6542
.87925
.12075
29
14.5588
.87353
.12647
30
14.4584
.86750
.13250
31
14.3528
.86117
.13683
32
14.2418
.85451
.14549
33
14.1254
.84752
.15248
34
14.0034
.84020
.15980
35
13.5758
.83255
.16745
36
13.7425
.82455
.17545
37
13.6035
.81622
.18378
38
13.4591
.80755
.19245
39
13.3090
.79854
.20145
40
13.1538
.78923
.21077
41
12.9934
.77950
.22040
42
12.8279
.76967
.23033
43
12.6574
.75944
.24056
44
12.4819
.74891
.25109
45
12.3013
.73808
.26192
46
12.1158
.72695
.27305
47
11.9253
.71552
.28448
48
11.7308
.70385
.29615
49
11.5330
.69198
.30802
50
11.3329
.67997
.32003
51
11.1308
.66785
.33215
52
10.9267
.65580
.34440
53
10.7200
.64320
.35680
54
10.5100
.63060
.36940
55
10.2950
.61776
.38224
56
10.0777
.60486
.39534
57
9.8552
.59131
.40889
58
9.6297
.57778
.42222
59
9.4028
.56417
.43583
60
9.1753
.55052
.44945
61
9.9478
.53687
.46313
62
8.7202
.52321
.47679
63
8.4934
.50954
.49046
64
8.2642
.49585
.50415
65
8.0353
.48212
.51788
66
7.8080
.46836
.53164
67
7.5763
.45458
.54542
68
7.3462
.44077
.55923
69
7.1149
.42689
.57311
70
6.8823
.41294
.58706
71
6.6481
.39889
.60111
72
6.4123
.38474
.61596
73
6.1752
.37051
.62949
74
5.9373
.35624
.64376
75
5.6990
.34194
.65806
76
5.4602
.32761
.67239
77
5.2211
.31327
.66673
78
4.9825
.29895
.70105
79
4.7469
.28481
.71519
80
4.5164
.27098
.72902
81
4.2955
.25773
.74227
82
4.0679
.24527
.75473
83
3.8924
.23354
.76645
84
3.7029
.22217
.77783
85
3.5117
.21070
.78930
86
3.3259
.19955
.80045
87
3.1450
.18820
.81130
88
2.9703
.17822
.82178
89
2.8052
.16831
.83169
90
2.6536
.15922
.84078
91
2.5162
.15097
.84903
92
2.3917
.14350
.85650
93
2.2801
.13681
.86319
94
2.1802
.13081
.86919
95
2.0891
.12535
.87485
96
1.9997
.11996
.88002
97
1.9145
.11457
.88513
98
1.8331
.10999
.89001
99
1.7554
.10532
.89465
100
1.6512
.10067
.89913
101
1.6101
.09551
.90339
102
1.5416
.09250
.90750
103
1.4744
.08846
.91154
104
1.4065
.08439
.91561
105
1.3334
.08000
.99000
106
1.2452
.07471
.92520
107
1.1196
.06718
.93282
108
.9043
.05426
.94574
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
Age
Annuity
Life Estate
Remainder
0
15.8972
0.98383
0.04617
1
16.2284
.97370
.02630
2
16.2287
.97372
.02628
3
16.2180
.97308
.02609
4
16.2029
.97217
.02783
5
16.1850
.97110
.02890
6
16.1648
.98989
.03011
7
16.1421
.98853
.03147
8
16.1172
.98703
.03297
9
16.0910
.96541
.03459
10
16.0808
.96365
.03635
11
16.0293
.96176
.03824
12
15.9958
.95975
.03025
13
15.9607
.95764
.03236
14
15.9239
.95543
.03457
15
15.8856
.96314
.04686
16
15.8480
.95076
.04924
17
15.8048
.94829
.05171
18
15.7620
.94572
.05428
19
15.7172
.94303
.05697
20
15.6701
.94021
.05979
21
15.6207
.93724
.06276
22
15.5687
.93412
.06588
23
15.5141
.93085
.06915
24
15.4565
.92739
.07261
25
15.3959
.92375
.07625
26
15.3322
.91993
.08007
27
15.2652
.91591
.08409
28
15.1946
.91168
.08832
29
15.1203
.90725
.09275
30
15.0432
.90259
.09741
31
14.9822
.89773
.10227
32
14.5775
.89265
.10735
33
14.7888
.88733
.11257
34
14.6960
.88176
.11824
35
14.5989
.87593
.12407
36
14.4975
.86985
.13015
37
14.3915
.86349
.13651
38
14.2811
.85687
.14313
39
14.1663
.84998
.15002
40
14.0458
.84281
.15719
41
13.9227
.83536
.16464
42
13.7940
.82764
.17236
43
13.6604
.81962
.18035
44
13.5219
.81131
.18889
45
13.3781
.80269
.19731
46
13.2290
.79374
.20896
47
13.0746
.78448
.21552
48
12.9147
.77488
.22512
49
12.7496
.76498
.23502
50
12.5793
.75475
.24524
51
12.4039
.74423
.25577
52
12.2232
.73339
.26651
53
12.0367
.72220
.27780
54
11.8436
.71062
.28938
55
11.6432
.69859
.30141
56
11.4353
.68512
.31388
57
11.2200
.67320
.32680
58
10.9980
.65988
.34012
59
10.7703
.64622
.35378
60
10.5376
.63296
.36774
61
10.3005
.61803
.38197
62
10.0587
.60352
.39648
63
9.8118
.68871
.41129
64
9.5592
.67355
.42645
65
9.3005
.55803
.44197
66
9.0352
.54211
.45789
67
8.7639
.52563
.47417
68
8.4874
.50924
.49076
69
8.2068
.59341
.50759
70
7.9234
.47540
.52460
71
7.6371
.45823
.54177
72
7.3480
.44088
.55912
73
7.0568
.42341
.57659
74
6.7645
.40587
.59413
75
6.4721
.38833
.61167
76
6.1788
.37073
.62927
77
5.8845
.35307
.64693
78
5.5910
.33546
.66454
79
5.3018
.31811
.68189
80
5.0195
.30117
.69883
81
4.7482
.28489
.71511
82
4.4892
.26935
.73065
83
4.2398
.25439
.74561
84
3.9927
.23956
.76044
85
3.7401
.22441
.77559
86
2.5016
.21010
.78990
87
2.2790
.19674
.80396
88
2.0719
.18431
.81569
89
2.8808
.17285
.82715
90
2.7068
.16241
.83759
91
2.5502
.15301
.84699
92
2.4116
.14470
.85530
93
2.2901
.13741
.86259
94
2.1839
.13103
.86897
95
2.0891
.12535
.87465
96
1.9997
.11998
.88002
97
1.9145
.11487
.88513
98
1.8331
.10999
.89001
99
1.7554
.10532
.89488
100
1.6512
.10067
.89913
101
1.6101
.09661
.90339
102
1.5416
.09250
.90750
103
1.4744
.08845
.91154
104
1.4085
.08439
.91561
105
1.3334
.08000
.99000
106
1.2452
.07471
.98599
107
1.1196
.06718
.93289
108
.9043
.05426
.94574
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 States Department
				  of Health, Education and Welfare, Public Health Service, with interest at 6
				  percent per annum.
(Effective as to gifts made 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
Number of Years
Annuity
Term Certain
Remainder
1
0.9434
.056804
.943396
2
1.8334
.110004
.889996
3
2.6730
.160361
.839619
4
3.4651
.207905
.799094
5
4.2124
.252742
.747258
6
4.9173
.295039
.704961
7
5.5824
.334943
.665057
8
6.2098
.372585
.627412
9
6.2017
.406102
.591898
10
7.3601
.441605
.558395
11
7.8889
.295039
.525788
12
8.3838
.334943
.496959
13
8.8527
.372585
.468839
14
9.2950
.406102
.442301
15
9.7122
.582735
.417265
16
10.1059
.606354
.393646
17
10.4773
.628636
.371364
18
10.3276
.649655
.360344
19
11.1581
.669487
.330513
20
11.4899
.686195
.311805
21
11.7541
.705845
.294155
22
12.0416
.729495
.277305
23
12.3034
.738903
.261797
24
12.5504
.753021
.245979
25
12.7634
.767001
.233999
26
13.0032
.780190
.219810
27
13.2105
.799632
.207365
28
13.4062
.804370
.195630
29
13.5907
.815443
.184557
30
13.7648
.825890
.174110
31
13.9291
.835745
.164255
32
14.0840
.845043
.154957
33
14.2302
.853814
.146186
34
14.3651
.862088
.137912
35
14.4952
.869895
.130105
36
14.6210
.877259
.122741
37
14.7365
.884207
.115793
38
14.8460
.890761
.109239
39
14.9491
.896944
.103056
40
15.0463
.902778
.097222
41
15.1380
.908281
.091719
42
15.2245
.913473
.086527
43
15.3062
.918370
.081630
44
15.3832
.922991
.077009
45
15.4558
.927350
.072650
46
15.5244
.931462
.068538
47
15.5890
.935352
.064656
48
15.6500
.939002
.060998
49
15.7076
.942454
.057543
50
15.7619
.945712
.054288
51
15.8131
.945785
.051215
52
15.8614
.951684
.045316
53
15.9070
.954418
.045582
54
15.9500
.956999
.043001
55
15.9905
.959433
.040567
56
16.0988
.961729
.038271
57
16.0649
.963895
.036105
58
16.0990
.965939
.034061
59
16.1311
.967867
.032133
60
16.1614
.969686
.030314
(c)
				  Adjustment Factors for Annuities Payable at Regular Intervals of Less Than One
				  Year. 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.
NOTE: Reference: Section
					 15552, Revenue and Taxation
					 Code.