Net wealth inclusion extends to assets held by close transferees and revocable transfers, treated as belonging to the transferor. Specified assets are deemed to belong to an individual for net wealth computation when held on the valuation date by a spouse to whom the asset was transferred otherwise than for adequate consideration, by a non-disabled minor child, by a person holding the asset for the individual's or spouse's benefit after an inadequate consideration transfer, by a trust or transferee if the transfer is revocable in the beneficiary's or transferee's lifetime, or by a Hindu undivided family as converted property; exclusions and definitions govern minor acquisitions, parental attribution, revocability, co-operative allotments, impartible estates, and timing for inclusion of irrevocable transfers.