LeFrak v. Commissioner

Full Text of Court Cases
November 16, 1993
6531 Real Estate Agents and Managers
531311 Residential Property Managers
estate and gift taxation
gift tax

LeFrak v. Commissioner
T.C. Memo 1993-526,1993 Tax Ct. Memo LEXIS 536
Federal Court
United States Tax Court
Mr. Stehm (for respondent) Mr. Levy (for petitioner)


At issue is the valuation of real estate property transferred to petitioners and whether petitioners are entitled to a discount for minority interest and lack of marketability in valuing the transferred interests.