McClatchy v. Commissioner

Full Text of Court Cases
April 3, 1996
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
estate and gift taxation
valuation date

McClatchy v. Commissioner
106 T.C. 206, 106 T.C. No. 9, 1996 U.S. Tax Ct. LEXIS 9
Federal Court
United States Tax Court


At issue is whether certain securities law restrictions that applied to shares of stock of McClatchy Newspapers, Inc. owned by decedent during his lifetime, but which became inapplicable by reason of decedent's death.

See Also

Estate Tax Value Must Be Valued at Moment of Death

The sole issue in this case was whether a discount for restricted stock was appropriate when the restrictions that applied to the public stock during the decedent's lifetime became inapplicable by reason of the decedent's death.