{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-500.html"}],"law_id":76205,"edition_id":1,"section_id":76205,"structure_id":15130,"section_number":"55.1-500","catch_line":"Annuity table","history":"1973, c. 355, \u00a7 55-269.1; 1981, c. 612; 1990, c. 831; 2019, c. 712.","full_text":"When a party as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of any estate, or a part thereof, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable life of such person, according to the following table, showing in Column I the present value, on the basis of eight percent interest, of an annuity of $1, payable at the end of every year that a person of a given age may be living, for the ages therein stated:\n\t\tPRESENT VALUE","order_by":null,"text":{"0":{"id":273657,"text":"When a party as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of any estate, or a part thereof, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable life of such person, according to the following table, showing in Column I the present value, on the basis of eight percent interest, of an annuity of $1, payable at the end of every year that a person of a given age may be living, for the ages therein stated:\n\t\tPRESENT VALUE","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15130,"edition_id":1,"name":"Commutation and Valuation of Certain Estates and Interests","identifier":"5","label":"chapter","depth":3,"order_by":1,"parent_id":13327,"metadata":{},"date_created":"2026-06-26 03:52:22","date_modified":"2026-06-26 03:52:22","permalink":{"id":245325,"object_type":"structure","relational_id":15130,"identifier":"5","token":"55.1\/I\/5","url":"\/55.1\/I\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13327,"edition_id":1,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:39","date_modified":"2026-06-26 03:44:39","permalink":{"id":244771,"object_type":"structure","relational_id":13327,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76205,"structure_id":15130,"section_number":"55.1-500","catch_line":"Annuity table","url":"\/55.1-500\/","token":"55.1\/I\/5\/55.1-500","metadata":false},{"id":59907,"structure_id":15130,"section_number":"55.1-501","catch_line":"Rule of calculation under \u00a7 55.1-500","url":"\/55.1-501\/","token":"55.1\/I\/5\/55.1-501","metadata":false},{"id":69650,"structure_id":15130,"section_number":"55.1-502","catch_line":"Table of uniform seniority","url":"\/55.1-502\/","token":"55.1\/I\/5\/55.1-502","metadata":false},{"id":72822,"structure_id":15130,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","url":"\/55.1-503\/","token":"55.1\/I\/5\/55.1-503","metadata":false},{"id":72791,"structure_id":15130,"section_number":"55.1-504","catch_line":"Makehamized mortality table","url":"\/55.1-504\/","token":"55.1\/I\/5\/55.1-504","metadata":false},{"id":84458,"structure_id":15130,"section_number":"55.1-505","catch_line":"Commutation in case of persons under disability","url":"\/55.1-505\/","token":"55.1\/I\/5\/55.1-505","metadata":false},{"id":57639,"structure_id":15130,"section_number":"55.1-506","catch_line":"Commutation of certain life estates","url":"\/55.1-506\/","token":"55.1\/I\/5\/55.1-506","metadata":false}],"next_section":{"id":59907,"structure_id":15130,"section_number":"55.1-501","catch_line":"Rule of calculation under \u00a7 55.1-500","url":"\/55.1-501\/","token":"55.1\/I\/5\/55.1-501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-500\/","history_text":"

This law was first created in 1973. The record of its establishment is cataloged in chapter 355 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1973 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1981, chapter 612; in 1990, chapter 831; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":69650,"section_number":"55.1-502","catch_line":"Table of uniform seniority","order_by":null,"url":"\/55.1-502\/"},{"id":72822,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","order_by":null,"url":"\/55.1-503\/"},{"id":57639,"section_number":"55.1-506","catch_line":"Commutation of certain life estates","order_by":null,"url":"\/55.1-506\/"},{"id":60057,"section_number":"64.2-305","catch_line":"Augmented estate; exclusions; valuation","order_by":null,"url":"\/64.2-305\/"},{"id":80125,"section_number":"64.2-308.9","catch_line":"Exclusions, valuation, and overlapping application","order_by":null,"url":"\/64.2-308.9\/"},{"id":86789,"section_number":"8.01-95","catch_line":"Procedure in such case","order_by":null,"url":"\/8.01-95\/"}],"refers_to":false,"permalink":{"id":245327,"object_type":"law","relational_id":76205,"identifier":"55.1-500","token":"55.1\/I\/5\/55.1-500","url":"\/55.1-500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-500\/","token":"55.1\/I\/5\/55.1-500","dublin_core":{"Title":"Annuity table","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When a party<\/span> as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of any estate, or a part thereof, and is willing to accept a gross sum in lieu thereof, or the party<\/span> liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court<\/span> in any legal proceeding orders<\/span> a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable life of such person, according to the following table, showing in Column I the present value, on the basis of eight percent interest, of an annuity of $1, payable at the end of every year that a person of a given age may be living, for the ages therein stated:\n\t\tPRESENT VALUE<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUITY TABLE (\u00a7 55.1-500)\n\nWhen a party as tenant for life is entitled to the annual interests on a sum of\nmoney, or is entitled to the use of any estate, or a part thereof, and is\nwilling to accept a gross sum in lieu thereof, or the party liable for such\ninterest, or affected by such claim, has the right to pay a gross sum in lieu\nthereof, or if the court in any legal proceeding orders a gross sum to be paid\nin lieu thereof, the sum shall be estimated according to the then value of an\nannuity of eight percent on the principal sum during the probable life of such\nperson, according to the following table, showing in Column I the present value,\non the basis of eight percent interest, of an annuity of $1, payable at the end\nof every year that a person of a given age may be living, for the ages therein\nstated:\n\t\tPRESENT VALUE\n\nHISTORY: 1973, c. 355, \u00a7 55-269.1; 1981, c. 612; 1990, c. 831; 2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}