Intrafamily Sale Determined a Bona Fide Transaction

Business Valuation Update BVLaw
Legal and Court Case Update
February 19, 2003

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estate and gift taxation
Estate of Duilio Costanza (Costanza II) v. CIR
No. 01-2207 (6th Cir. 2003)
US
Federal Court
9th Circuit
United States Court of Appeals
Gilman

Summary

The U.S. Court of Appeals for the 6th Circuit determined that an intrafamily transaction involving a self-canceling installment note (SCIN) was a bona fide transaction within the meaning of IRC sec. 2001(b).

See Also

Estate of Duilio Costanza (Costanza II) v. CIR

Full Text of Court Cases
February 19, 2003

The U.S. Court of Appeals for the Sixth Circuit determined that an intrafamily transaction involving a self-canceling installment note (SCIN) was a bona fide transaction within the meaning of IRC sec. 2001(b). In making its determination, the appellate co ...