Estate of Mitchell v. Commissioner

BVLaw
Full Text of Court Cases
April 28, 2011

Access the Full Article

This article and its downloads are available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase.   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
6519 Lessors of Real Property, NEC
531190 Lessors of Other Real Estate Property
estate and gift taxation
expert testimony, fractionalization discount, real property, lease, income capitalization
Estate of Mitchell v. Commissioner
T.C. Memo 2011-94
US
Federal Court
United States Tax Court
James Hammock, John Thomson (petitioner/estate); Keith Andersen, Donald Bratt (respondent/IRS)
Kroupa

Summary

Tax Court sides with estate and holds proper method for valuing 100% leased-fee interests of real property is income capitalization method, rather than lease buyout method proposed by respondent’s expert.
Estate of Mitchell v. Commissioner
PDF, Size: 47 KB