[Code of Federal Regulations]
[Title 26, Volume 14]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR25.2701-7]

[Page 649]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 25_GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954--Table of Contents
 
Sec.  25.2701-7  Separate interests.

    The Secretary may, by regulation, revenue ruling, notice, or other 
document of general application, prescribe rules under which an 
applicable retained interest is treated as two or more separate 
interests for purposes of section 2701. In addition, the Commissioner 
may, by ruling issued to a taxpayer upon request, treat any applicable 
retained interest as two or more separate interests as may be necessary 
and appropriate to carry out the purposes of section 2701.

[T.D. 8395, 57 FR 4264, Feb. 4, 1992]

[[Page 650]]