Valuation date
(ii) Valuation date. Generally, the valuation date is the date on which the gift is made. For gift tax purposes, the valuation date is the date on which the gift is complete under 25.2511-2. For special rules in the case of charitable transfers, see 25.7520-2. (2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As the appropriate new mortality report becomes available after each decennial census, the Treasury Department and the IRS will revise the mortality component described in this section and will update the appropriate regulations to adopt the revised mortality component tables. For gifts with valuation dates on or after June 1, 2023, the mortality component table (Table 2010CM) is in 20.2031-7(d)(7)(ii) of this chapter, and is referenced by IRS Publication 1457, Actuarial Valuations Version 4A, and can be found on the IRS website at https://www.irs.gov/retirement-plans/actuarial-tables (or a corresponding URL as may be updated from time to time). See 20.2031-7A of this chapter for mortality component tables applicable to gifts for which the valuation date falls before June 1, 2023.