Court Awards 30% Discount for Lack of Marketability

Business Valuation UpdateVol. 2 No. 12
Legal and Court Case Update
December 1996
2421 Sawmills and Planing Mills, General
321113 Sawmills
estate and gift taxation
gift tax

Thompson, L v. Commissioner
T.C. Memo 1996-468, 1996 Tax Ct. Memo LEXIS 482
October 17, 1996
Federal Court
United States Tax Court
Dawson, Dean


The taxpayer's motion for administrative cost recovery was the basis of this case.

See Also

Thompson, L v. Commissioner

At issue is the valuation of the plaintiff's stock in harwood sawmill company for federal gift tax purposes.