Holding Company Valued Using Asset Method; Small Marketability Discount Applied

Business Valuation UpdateVol. 5 No. 6
Legal and Court Case Update
June 1999
0811 Timber Tracts
113110 Timber Tract Operations
estate and gift taxation

Estate of Jameson v. Commissioner
T.C. Memo 1999-43, 77 T.C.M 1383
February 9, 1999
Federal Court
United States Tax Court
John H. Lax, CMA, ASA (for estate)<br>G. Clyde Buck (for estate)<br>Francis X. Burns (for IRS)


The primary issue in this estate tax matter was the fair market value of decedent's 98% stock interest in Johnco Inc., a holding company with timberland as its principal asset.

See Also

Estate of Jameson v. Commissioner

Business Valuation and Taxes: Procedure, Law and Perspective ...