(a) Real Property.

Real property in this State belonging to a resident donor is subject to the Gift Tax Law. Real property outside the State belonging to a resident donor is not subject to the law.

(b) Tangible Personal Property.

Tangible personal property in this State belonging to a resident donor is subject to the Gift Tax Law. Tangible personal property permanently outside the State belonging to a resident donor is not subject to the law.

(c) Intangible Personal Property.

Intangible personal property, wherever situated, belonging to a resident donor is subject to the Gift Tax Law.

Note: Reference: Section 15103, Revenue and Taxation Code.