{"abstract":"This document contains final regulations relating to the definition of a qualified interest under section 2702 of the Internal Revenue Code. The final regulations apply to a grantor retained annuity trust (GRAT) and a grantor retained unitrust (GRUT) in determining whether a retained interest is a qualified interest. These final regulations affect individuals who make a transfer in trust to a family member and retain an interest in the trust. These final regulations clarify that a trust that uses a note, other debt instrument, option, or similar financial arrangement to satisfy the annual payment obligation does not meet the requirements of section 2702(b).","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2000/09/05/00-22544.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"25","title":26}],"citation":"65 FR 53587","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These regulations are effective September 5, 2000.","disposition_notes":null,"docket_ids":["TD 8899"],"dockets":[],"document_number":"00-22544","effective_on":"2000-09-05","end_page":53589,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2000/09/05/00-22544.xml","html_url":"https://www.federalregister.gov/documents/2000/09/05/00-22544/definition-of-a-qualified-interest-in-a-grantor-retained-annuity-trust-and-a-grantor-retained","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/00-22544?publication_date=2000-09-05","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2000-09-05/00-22544/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":281,"last_updated":"2026-10-23 04:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2000-09-05/pdf/00-22544.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2000-09-05","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2000/09/05/00-22544.txt","regulation_id_number_info":{"1545-AW25":{"issue":"200010","html_url":"https://www.federalregister.gov/regulations/1545-AW25/grat-and-notes","title":"GRAT and Notes","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200010&RIN=1545-AW25&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-AW25"],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":53587,"subtype":null,"title":"Definition of a Qualified Interest in a Grantor Retained Annuity Trust and a Grantor Retained Unitrust","toc_doc":"Grantor retained annuity trust and grantor retained unitrust; qualified interest definition","toc_subject":"Estate and gift taxes:","topics":["Gift taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":65}