Title 26, Internal Revenue CodeRelease 119-102
§2661 Administration
Title 26 › Subtitle B — Estate and Gift Taxes › CHAPTER 13 — TAX ON GENERATION-SKIPPING TRANSFERS › Subchapter G — Administration › § 2661
Summary
Use the same rules and penalties that apply to the gift tax (chapter 12, section 2501) for the generation‑skipping transfer tax (section 2601) when those gift‑tax rules fit and do not conflict with this chapter. If a generation‑skipping transfer happens at the same time as and because of someone’s death, then use the rules and penalties that apply to the estate tax (chapter 11, section 2001) instead.
Full Legal Text
Title 26, §2661
Internal Revenue Code, Source: USLM XML via OLRC
Insofar as applicable and not inconsistent with the provisions of this chapter—
(1)except as provided in paragraph (2), all provisions of subtitle F (including penalties) applicable to the gift tax, to chapter 12, or to section 2501, are hereby made applicable in respect of the generation-skipping transfer tax, this chapter, or section 2601, as the case may be, and
(2)in the case of a generation-skipping transfer occurring at the same time as and as a result of the death of an individual, all provisions of subtitle F (including penalties) applicable to the estate tax, to chapter 11, or to section 2001 are hereby made applicable in respect of the generation-skipping transfer tax, this chapter, or section 2601 (as the case may be).
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 2661
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102