Case Addresses Fine Points of 'Moment of Death' Issue; IRS Concedes 15% Discount of Blockage

Business Valuation UpdateVol. 4 No. 8
Legal and Court Case Update
August 1998
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
estate and gift taxation

McClatchy v. Commissioner
147 F.3d 1089, 1998 U.S. App. LEXIS 13576
June 26, 1998
Federal Court
9th Circuit
United States Court of Appeals
Nelson, Tashima, Thoma


The issue before the Court of Appeals was whether Charles K. McClatchy's stock holdings should be valued with the federal securities law restrictions that had been in place before his death or without the restrictions once they were transferred to his estate.

See Also

McClatchy v. Commissioner

At issue is the valuation of decendent's stock in a newspaper corporation for federal estate tax purposes.