6th Circuit Estate Tax Appeal Allows Capital Gains Discount

Business Valuation Update BVLaw
Legal and Court Case Update
March 1, 2000

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4911 Electric Services
221122 Electric Power Distribution
estate and gift taxation
estate tax, fair market value (FMV), minority shareholder, willing buyer, willing seller
Estate of Welch v. Commissioner (II)
2000 U.S. App. LEXIS 3315
US
Federal Court
6th Circuit
United States Court of Appeals
Mercer Capital (for Electric Service, Inc.)
Holschuh

Summary

The issue in this estate tax appeal is whether the petitioners were entitled to apply a discount for a built-in capital gains tax liability on real estate in valuing the stock of the corporation owning the real estate.

See Also

Estate of Welch v. Commissioner (II)

Full Text of Court Cases
March 1, 2000

At issue is whether the estate had the right to discount the value of corporate stock to reflect a built-in capital gains tax liability on corporate real estate.