[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: 26CFR25.2702-7]

[Page 668]
 
                       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.  25.2702-7  Effective dates.

    Except as provided in this section, Sec. Sec.  25.2702-1 through 
25.2702-6 apply as of January 28, 1992. With respect to transfers to 
which section 2702 applied made prior to January 28, 1992, taxpayers may 
rely on any reasonable interpretation of the statutory provisions. For 
these purposes, the provisions of the proposed regulations and the final 
regulations are considered a reasonable interpretation of the statutory 
provisions. The fourth through eighth sentences of Sec.  25.2702-5(b)(1) 
and Sec.  25.2702-5(c)(9) apply with respect to trusts created after May 
16, 1996.

[T.D. 8395, 57 FR 4273, Feb. 4, 1992, as amended by T.D. 8743, 62 FR 
66989, Dec. 23, 1997]