                                 CODE OF VIRGINIA

DEFINITIONS (§ 58.1-935)

A. Terms, phrases, and words used in this article, except for those defined in
subsection B of this section, shall be defined as they are defined under Chapter
13 of subchapter B of the Internal Revenue Code of 1954, as amended.

B. As used in this article the term or phrase:
			&#8220;Federal generation skipping transfer tax&#8221; means the tax imposed
by Chapter 13 of subchapter A of the Internal Revenue Code of 1954, as amended.
			&#8220;Generation skipping transfer&#8221; includes every transfer subject to
the tax imposed under Chapter 13 of subchapter A of the Internal Revenue Code of
1954, as amended, where the original transferor is a resident of the
Commonwealth of Virginia at the date of original transfer, or the property
transferred is real or personal property having a situs in Virginia.
			&#8220;Original transferor&#8221; means any grantor, donor, trustor, or
testator who by grant, gift, trust or will makes a transfer of real or personal
property that results in a federal generation skipping transfer tax under
applicable provisions of the Internal Revenue Code.

HISTORY: Code 1950, § 58-238.37; 1979, c. 559; 1984, c. 675.