{"abstract":"This document contains final regulations amending the regulations under the gift tax special valuation rules to provide that a unitrust or annuity interest payable for a specified term of years to the grantor, or to the grantor's estate if the grantor dies prior to the expiration of the term, is a qualified interest for the specified term. The final regulations also clarify that the exception treating a spouse's revocable successor interest as a retained qualified interest applies only if the spouse's annuity or unitrust interest, standing alone, would constitute a qualified interest that meets the requirements of Sec. 25.2702-3(d)(3), but for the grantor's revocation power.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE 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/2005/02/25/05-3589.html","cfr_references":[{"chapter":null,"citation_url":null,"part":25,"title":26}],"citation":"70 FR 9222","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The regulations are effective July 26, 2004.","disposition_notes":null,"docket_ids":["TD 9181"],"dockets":[],"document_number":"05-3589","effective_on":"2004-07-26","end_page":9224,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2005/02/25/05-3589.xml","html_url":"https://www.federalregister.gov/documents/2005/02/25/05-3589/qualified-interests","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/05-3589?publication_date=2005-02-25","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2005-02-25/05-3589/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":146,"last_updated":"2026-10-22 16:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2005-02-25/pdf/05-3589.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2005-02-25","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2005/02/25/05-3589.txt","regulation_id_number_info":{"1545-BB72":{"issue":"200404","html_url":"https://www.federalregister.gov/regulations/1545-BB72/qualified-interests","title":"Qualified Interests","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200404&RIN=1545-BB72&operation=OPERATION_EXPORT_XML","priority_category":"Info./Admin./Other"}},"regulation_id_numbers":["1545-BB72"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T15:29:43Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":9222,"subtype":null,"title":"Qualified Interests","toc_doc":"Qualified interests","toc_subject":"Estate and gift taxes:","topics":["Gift taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":70}