26 USC § 2512 - Valuation of gifts

---
identifier: "/us/usc/t26/s2512"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 2512 - Valuation of gifts"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "2512"
section_name: "Valuation of gifts"
chapter_number: 12
chapter_name: "GIFT TAX"
subchapter_number: "B"
subchapter_name: "Transfers"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 406; Pub. L. 91–614, title I, § 102(b)(1), Dec. 31, 1970, 84 Stat. 1840; Pub. L. 94–455, title XX, § 2008(a)(2)(B), Oct. 4, 1976, 90 Stat. 1891; Pub. L. 97–34, title IV, § 442(b)(1), Aug. 13, 1981, 95 Stat. 322.)"
---


# § 2512. Valuation of gifts

**(a)** If the gift is made in property, the value thereof at the date of the gift shall be considered the amount of the gift.

**(b)** Where property is transferred for less than an adequate and full consideration in money or money’s worth, then the amount by which the value of the property exceeded the value of the consideration shall be deemed a gift, and shall be included in computing the amount of gifts made during the calendar year.

**(c)** **Cross reference** For individual’s right to be furnished on request a statement regarding any valuation made by the Secretary of a gift by that individual, see section 7517.

---

**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 406; Pub. L. 91–614, title I, § 102(b)(1), Dec. 31, 1970, 84 Stat. 1840; Pub. L. 94–455, title XX, § 2008(a)(2)(B), Oct. 4, 1976, 90 Stat. 1891; Pub. L. 97–34, title IV, § 442(b)(1), Aug. 13, 1981, 95 Stat. 322.)

## Editorial Notes

### Amendments

1981—Subsec. (b).  substituted “calendar year” for “calendar quarters”.

1976—Subsec. (c).  added subsec. (c).

1970—Subsec. (b).  substituted “calendar quarter” for “calendar year”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1981 Amendment

Amendment by  applicable with respect to gifts made after , see , set out as a note under .

### Effective Date of 1970 Amendment

Amendment by  applicable with respect to gifts made after , see , set out as a note under .