17 NCAC 03C .0104          REMAINDER INTEREST

A gift of a remainder interest is a gift of a future interest, and the annual exclusion provided in Section 2503(b) of the Internal Revenue Code would not apply.

History Note:        Authority G.S. 105‑188; 105‑262;

Eff. February 1, 1976;

Amended Eff. February 1, 2005; October 1, 1991.