A Subsequent Sale Must Be Arm's Length and Foreseeable on the Valuation Date

Business Valuation Update BVLaw
Legal and Court Case Update
December 11, 1997

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estate and gift taxation
Eric F. Saltzman, et al. v. CIR
No. 96-4195 (2nd Cir. 1997)
US
Federal Court
2nd Circuit
United States Court of Appeals
Graffeiland

Summary

The 2nd Circuit reversed and remanded the matter to the Tax Court after considered that a post-valuation date sale established the fair market value of the company.

See Also

Eric F. Saltzman, et al. v. CIR

Full Text of Court Cases
December 11, 1997

The Second Circuit reversed and remanded the matter to the Tax Court after considered that a post-valuation date sale established the fair market value of the company. The company held a film library, whose title had been clouded. In order to insulate t ...