Example. During 1942 the donor and his spouse partitioned certain real property held by them under community property laws. The real property then had a value ofProperty Division Agreement • January 23rd, 2020
$224,000. A portion of the property, then hav- ing a value of $160,000, was converted into the donor’s separate property, and the remaining portion, then having a value of $64,000, was converted into his spouse’s separate prop- erty. In 1955 the donor made a gift to his spouse of the property acquired by him as a result of the partition, which property then had a value of $200,000. The portion of the property transferred by gift which is consid- ered as community property is