Discount From NAV Issue in Liquidating Trust Value

Business Valuation UpdateVol. 2 No. 6
Legal and Court Case Update
June 1996
estate and gift taxation
control, marketability

Casey v. Commissioner
T.C. Memo 1996-156, 1996 Tax Ct. Memo LEXIS 166
March 27, 1996
Federal Court
United States Tax Court


The issue is the value of a 5% interest in a liquidating trust. The only dispute is the appropriate discount from NAV.

See Also

Casey v. Commissioner

At issue is the amount of discount applied to the fair market value of certain property included in the estate.