Internal Revenue Bulletin:  2007-28 

July 9, 2007 

ESTATE TAX


Rev. Rul. 2007-45 Rev. Rul. 2007-45

Special use value; farms; interest rates. The 2007 interest rates to be used in computing the special use value of farm real property for which an election is made under section 2032A of the Code are listed for estates of decedents.

REG-119097-05 REG-119097-05

Proposed regulations under sections 2036 and 2039 of the Code provide guidance on the portion of a trust that is properly includible in the grantor’s gross estate if the grantor has retained the use of property in a trust or the right to an annuity, unitrust, or other income payment from such a trust for life, for any period not ascertainable without reference to a grantor’s death, or for a period that does not in fact end before the grantor’s death. A public hearing is scheduled for September 26, 2007.


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