Valuation of gifts: non-cash gifts valued on the gift date; non-revocable gifts valued by capitalised income during the period. For non-cash gifts, value is the property's value on the date of gift determined under Schedule II; if a gift is not revocable for a specified period, ... Summary
Valuation of gifts: non-cash gifts valued on the gift date; non-revocable gifts valued by capitalised income during the period.
For non-cash gifts, value is the property's value on the date of gift determined under Schedule II; if a gift is not revocable for a specified period, value is the capitalised value of income from the property during that non-revocable period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.