Transfers Subject to Gift Tax (3 of 3 Completed transfers Gift does not occur until transfer is complete Transfer complete when donor has given up"dominion control >Leaves donor no power to change gifts disposition, Whether for own benefit or for benefit of another Gift valued upon transfer 1010 Transfers Subject to Gift Tax(3 of 3) Completed transfers –Gift does not occur until transfer is complete –Transfer complete when donor has given up “dominion & control »Leaves donor no power to change gift’s disposition, whether for own benefit or for benefit of another –Gift valued upon transfer