Summary
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arms'-length. The decision listed the factors consider in permitti ...
Liquid Air Corporation and Subsidiaries v. CIR
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See Also
30% Blockage Discount Used
The Tax Court permitted a blockage discount to be included in the basis of assets (calculated under IRC sec. 1012) purchased from another corporation whose purchase price was negotiated at arm's length.