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TREAS/IRS RIN: 1545-BJ10 Publication ID: Spring 2025 
Title: Rules Determining Available Generation-Skipping Transfer (GST) Exemption When Relief Is Granted to Make a Timely Allocation 
Abstract:

Regulations under section 2632 providing guidance governing the allocation of generation-skipping transfer (GST) exemption in the event the IRS grants relief under section 2642(g), as well as addressing the definition of a GST trust under section 2632(c), and providing ordering rules when GST exemption is allocated in excess of the transferor’s remaining exemption.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 26 CFR 26.2642-7(a)    26 CFR 26.2642-7(b)(2)    26 CFR 26.2642-7(b)(3)    26 CFR 26.2642-7(c)    26 CFR 26.2642-7(d)(3)    26 CFR 26.2642-7(d)(3)(i)    26 CFR 26.2642-7(6)(3)(v)    26 CFR 26.2642-7(e)(1)(ii)    26 CFR 26.2642-7(e)(5)    26 CFR 26.2642-7(f)    26 CFR 26.2642-7(i)(2)    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 2642(g)    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/00/2026 
Additional Information: REG-152070-09 Drafter attorney: John M. Pelet III (202) 317-6857 Reviewer attorney: Daniel Gespass (292) 317-4632 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PT&E
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BH63 
Agency Contact:
John M. Pelet III
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue, NW,
Washington, DC 20224
Phone:202 317-6857
Fax:855 591-7866
Email: john.m.peletiii@irscounsel.treas.gov