Morley v. The Queen

BVResearch Pro
Chartered Business Valuators Institute (CBV Institute)
May 18, 2010
Ed Kroft
Dennis Turnbull


The Tax Court, on the basis of hindsight, determined that the debt component of a software purchase price was a sham. After a review of the discounted cash flow valuations prepared by both parties the Court allowed the taxpayers a fair market value for...
Morley v. The Queen
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