Valuing the ‘Inside Basis’ Shareholder Tax Liability

Business Valuation UpdateVol. 18 No. 7
July 2012
Paul Heidt
Laura Markee, CFA, ASA


Business appraisers who work in estate planning or other situations where a low value conclusion is beneficial to their clients know to be on the lookout for a built-in gain (BIG) tax liability. But another, less well-known shareholder-level tax liability ...