California Code of Regulations › Title 18 - Public Revenues › Division 2.5 - State Controller › Chapter 1 - Inheritance Tax › Article 6 - Valuation › Section 13953 - Tables

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(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
(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
					 13953, Revenue and Taxation
					 Code.