Summary
At issue is whether respondent is equitably estopped from assessing additional estate tax, and if not, the proper amount of blockage and fractional interest discounts to be applied to petitioner’s nine real properties must be determined.
Brocato v. Commissioner
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See Also
Blockage Discount Appropriate for Apartment House
The taxpayer was granted a 20% fractional interest discount and an 11% blockage discount with apartment house properties, based on comparable sales and an analysis of market conditions and the economy.
11% Blockage Discount Applied in Apartment Valuations
The taxpayer in this estate tax matter was granted a 20% fractional interest discount and an 11% blockage discount with apartment house properties, based on comparable sales and an analysis of market conditions and the economy.
Fractional Interest and Blockage Discount Considered
The Tax Court considered the size of discounts for blockage and fractional interests on nine rental properties.