29% Lack of Control, 6% Lack of Marketability Discount for a 49% Interest

Business Valuation UpdateVol. 8 No. 6
Legal and Court Case Update
June 2002

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2844 Perfumes, Cosmetics, and Other Toilet Preparations
325620 Toilet Preparation Manufacturing
estate and gift taxation
estate tax
Estate of Mitchell v. Commissioner (III)
T.C. Memo 2002-98, 2002 Tax Ct. Memo Lexis 100
April 9, 2002
US
Federal Court
United States Tax Court
George B. Weiksner (for estate) <br> Kenneth W. McGraw (for estate) <br> Martin D. Hannan (for IRS) <br> E. James Brennan (for IRS)
Jacobs

Summary

This case is on a remand from the 9th Circuit Court of Appeals.

See Also

Estate of Mitchell v. Commissioner (III)

Full Text of Court Cases
April 9, 2002

The Tax Court, reaching the same final valuation conclusion, again applied a 35% discount on remand.