Estate of Richmond

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February 11, 2014

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
estate and gift taxation
cost approach, income approach, discount for lack of marketability (DLOM), estate tax, net asset value approach (NAV), internal revenue code (IRC), discount for lack of control (DLOC), capitalized-dividend approach
Estate of Richmond
2014 Tax Ct. Memo LEXIS 26
US
Federal Court
N/A
United States Tax Court
Peter Winnington (petitioner, Form 706), Robert Schweihs (petitioner, trial), John A. Thomson (respondent/IRS, trial)
Gustafson

Summary

Tax Court favors net-asset-value over capitalized-dividend approach for FMV determination of interest in holding company with marketable securities because NAV starts out on “firm ground” with stock prices one can look up whereas income approach relies en ...
Estate of Richmond
PDF, Size: 195 KB

See Also

Tax Ct. How-to of Valuing Holding Company, Avoiding Accuracy Penalty

Legal and Court Case Update
April 2014

Tax Court favors net-asset-value over capitalized-dividend approach for FMV determination of interest in holding company with marketable securities because NAV starts out on “firm ground” with stock prices one can look up whereas income approach relies en ...