Estate of Jelke v. Commissioner (I)

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May 31, 2005

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estate and gift taxation
income approach, asset approach, discount for lack of marketability (DLOM), estate tax, fair market value (FMV), arm's length, discount for lack of control (DLOC)
Estate of Jelke v. Commissioner (I)
T.C. Memo 2005-131, 2005 Tax Ct. Memo LEXIS 128
US
Federal Court
United States Tax Court
Veronica Vilarchao
William Frazier (for estate)<br>Israel Shaked (for IRS)
Gerber

Summary

The issues in this estate tax case were whether built-in capital gains tax liability should be discounted (indexed) to account for time value, and the appropriate discounts for lack of marketability and control.
Estate of Jelke v. Commissioner (I)
PDF, Size: 57 KB

See Also

Built-In Capital Gains Liability of Small Minority Interest Should Be Discounted to Reflect Time Value of Money

Legal and Court Case Update
August 2005

The issues in this estate tax case were whether built-in capital gains tax liability should be discounted (indexed) to account for time value and the appropriate discounts for lack of marketability and control.