10% Minority Discount Accepted

Business Valuation Update BVLaw
Legal and Court Case Update
December 4, 1995

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6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
estate and gift taxation
bona fide sale
Wheeler v. United States
77 A.F.T.R.2d (RIA) 1405
US
Federal Court
Texas
United States District Court
Primomo

Summary

A magistrate for the U.S. District Court for the Western District of Texas recommended a minority discount in addition to a lack of marketability discount when valuing a 50% interest in a closely held corporation.

See Also

Wheeler v. United States

Full Text of Court Cases
December 4, 1995

At issue is the plaintiff's claim that the government refused to allow a 10% minority discount on the value of stock in the estate, and taxed the value of decendant's homestead.