Valuation of gifted property set by Wealth-tax schedule rules, applied to the Gift-tax Act with specified modifications. For non-cash gifts, value is determined by applying the Wealth-tax Act's valuation schedule rules to the Gift-tax Act, subject to specified modifications: references to the Wealth-tax Act read as references to the Gift-tax Act; the valuation-date is the date the gift was made except where a rule treats a valuation-year reference as the previous year; and certain referenced sections of the Wealth-tax Act are to be read as corresponding sections of the Gift-tax Act.