Internal Revenue Code · 26 U.S.C.
§ 7520. Valuation tables
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 7520
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Added
- November 10, 1988 by Pub. L. 100–647
- Last amended
- December 19, 2014 by Pub. L. 113–295
- Amendments
- 1 dated changes in the source credit
- Length
- 5 subsections · 355 words · about 2 min to read
- Defines
- 2 terms
- Cross-references
- cites 1; cited by 2 Code sections and 31 other regulations
- Regulations
- 12 issued under this section
This section shall not apply for purposes of part I of subchapter D of chapter 1 or any other provision specified in regulations.
The Secretary shall revise the initial tables prescribed for purposes of subsection (a) to take into account the most recent mortality experience available as of the time of such revision. Such tables shall be revised not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision.
For purposes of this section, the term “valuation date” means the date as of which the valuation is made.
(Added Pub. L. 100–647, title V, § 5031(a), Nov. 10, 1988, 102 Stat. 3668; amended Pub. L. 113–295, div. A, title II, § 221(a)(118), Dec. 19, 2014, 128 Stat. 4054.)
Terms defined here
Where the text says “the term … means”. Select a term to jump to its definition.
Regulations under this section
Treasury regulations (26 CFR) issued under § 7520
- § 1.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
- § 1.7520-2 Valuation of charitable interests.
- § 1.7520-3 Limitation on the application of section 7520.
- § 1.7520-4 Transitional rules.
- § 20.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
- § 20.7520-2 Valuation of charitable interests.
- § 20.7520-3 Limitation on the application of section 7520.
- § 20.7520-4 Transitional rules.
- § 25.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
- § 25.7520-2 Valuation of charitable interests.
- § 25.7520-3 Limitation on the application of section 7520.
- § 25.7520-4 Transitional rules.
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 2 Code sections
- § 664(d)(1)(D) Charitable remainder trusts
- § 2702(a)(2)(B) Special valuation rules in case of transfers of interests in trusts
Cited in 31 regulations not issued under it
- § 1.170A-6 Charitable contributions in trust.
- § 1.170A-12 Valuation of a remainder interest in real property for contributions made after July 31, 1969.
- § 1.642(c)-6 Valuation of a remainder interest in property transferred to a pooled income fund.
- § 1.642(c)-6A Valuation of charitable remainder interests for which the valuation date is before June 1, 2023.
- § 1.664-1 Charitable remainder trusts.
- § 1.664-2 Charitable remainder annuity trust.
- § 1.664-4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.
- § 1.664-4A Valuation of charitable remainder interests for which the valuation date is before June 1, 2023.
- § 1.1471-5 Definitions applicable to section 1471.
- § 1.1473-1 Section 1473 definitions.
- § 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.
- § 20.2032-1 Alternate valuation.
- § 20.2036-1 Transfers with retained life estate.
- § 20.2031-7A Valuation of annuities, interests for life or a term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before June 1, 2023.
- § 20.2055-2 Transfers not exclusively for charitable purposes.
- § 20.2056(b)-5 Marital deduction; life estate with power of appointment in surviving spouse.
- § 20.2056(b)-7 Election with respect to life estate for surviving spouse.
- § 20.2056A-4 Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust.
- § 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.
- § 25.2512-5A Valuation of annuities, interests for life or a term of years, and remainder or reversionary interests transferred before June 1, 2023.
- § 25.2522(c)-3 Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969.
- § 25.2523(e)-1 Marital deduction; life estate with power of appointment in donee spouse.
- § 25.2702-2 Definitions and valuation rules.
- § 25.2702-3 Qualified interests.
Show 7 more
- § 25.2702-4 Certain property treated as held in trust.
- § 25.2702-5 Personal residence trusts.
- § 25.2702-6 Reduction in taxable gifts.
- § 26.2642-2 Valuation.
- § 26.2642-6 Qualified severance.
- § 54.4974-1 Excise tax on accumulations in qualified retirement plans.
- § 301.9100-8 Time and manner of making certain elections under the Technical and Miscellaneous Revenue Act of 1988.
Amendment history
From the source credit and the official notes, newest first.
- Amended by Pub. L. 113–295Parts changed in 2014: (c)(2)
- Added by Pub. L. 100–647
Where it sits in the Code
Nearby sections
- § 7516 Supplying training and training aids on request
- § 7517 Furnishing on request of statement explaining estate or gift valuation
- § 7518 Tax incentives relating to merchant marine capital construction funds
- § 7519 Required payments for entities electing not to have required taxable year
- § 7520 Valuation tables
- § 7521 Procedures involving taxpayer interviews
- § 7522 Content of tax due, deficiency, and other notices
- § 7523 Graphic presentation of major categories of Federal outlays and income
- § 7524 Annual notice of tax delinquency
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Codification
Another section 7520 was renumbered section 7521 of this title.
Amendments
2014—Subsec. (c)(2), (3). Pub. L. 113–295 redesignated par. (3) as (2), substituted “The Secretary” for “Not later than December 31, 1989, the Secretary” and struck out “thereafter” after “once each 10 years”, and struck out former par. (2). Prior to amendment, text of par. (2) read as follows: “Not later than the day 3 months after the date of the enactment of this section, the Secretary shall prescribe initial tables for purposes of subsection (a). Such tables may be based on the same mortality experience as used for purposes of section 2031 on the date of the enactment of this section.”
Statutory Notes and Related Subsidiaries
Effective Date of 2014 Amendment
Amendment by Pub. L. 113–295 effective Dec. 19, 2014, subject to a savings provision, see section 221(b) of Pub. L. 113–295, set out as a note under section 1 of this title.
Effective Date
Pub. L. 100–647, title V, § 5031(c), Nov. 10, 1988, 102 Stat. 3669, provided that: “The amendments made by this section [enacting this section] shall apply in cases where the date as of which the valuation is to be made occurs on or after the 1st day of the 6th calendar month beginning after the date of the enactment of this Act [Nov. 10, 1988].”