Cal. Code Regs. Tit. 18, § 13646.1 - Transfer with Reservation of Possibility of Reverter

If any property transferred by an inter vivos transfer not otherwise subject to the Inheritance Tax Law, conforming to Revenue and Taxation Code Section 13641, may revert or revest in the transferor upon the prior death of the transferee pursuant to an express provision in the instrument making the transfer and not by reason of the statute of succession, and the transferor predeceases the transferee, the transfer constitutes one intended to take effect in possession or enjoyment at or after the death of the transferor and is subject to the Inheritance Tax Law.

NOTE: Reference: Section 13646, Revenue and Taxation Code.

Notes

Cal. Code Regs. Tit. 18, § 13646.1