Labels:book | reckoner | sky | tree OCR: STATUTES AND REGULATION INVOLVED 1. The relevant portions of Sections 2501 l{a}{1} and 2511{a} of the Internal Revenue Code, 26 U.S.C. 2501 {a}{l} 2511 (a) are set forth at Pet. App. 60a The relevant portions of Section 25 2511-1(c the Treasury Regulations on Gift Tax 26 .F.R 25 2511-1 ate set forth Pet App. 60a-63a. Section 25. 2518-2 ( {c) 01 the Treasury Reg- ulations Gift Tax, 26 C.F.R 25. .2518. -2(c)(3) provides, n relevant part : With respect to inter vivos transfers, taxable transfer when there 15 com pleted gift for Federal gift tax purposes regard less whether gift tax is imposed or the com- pleted gift. Thus gifts qualifying for the gift tax annual exclusion under section 2503(h) are regarded taxable transfers for this purpose With respect to transfers made by deeed lent death 0 ...
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