December 7520 Rate Lowest in History at 1.8%

 

December 7520 Rate Lowest in History at 1.8%
News story posted in Revenue Rulings by Jason Fisher on 18 November 2010| comments
audience: National Publication | last updated: 18 May 2011
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Summary

For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, Revenue Ruling 2010-29 indicates the applicable federal rate under section 7520 for December 2010 is 1.8%; down 0.2% from the November and October rates of 2.0% and the lowest rate of its kind in history.
Published in Nov 2010

Full Text:

Rev. Rul. 2010-29 [PDF]

Editor's note: Historically low discount rates present a tremendous opportunity for the use of nonreversionary (both grantor and nongrantor) charitable lead trusts for gift and estate tax planning purposes.

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7520 Rates: June 1.2% May 1.6% April 1.4%

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