Parties Unable to Settle Discount for Fractional Interest in Artwork

Business Valuation UpdateVol. 13 No. 10
Legal and Court Case Update
October 2007

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5999 Miscellaneous Retail Stores, NEC
453920 Art Dealers
estate and gift taxation
Stone v. United States
2007 U.S. Dist. LEXIS 58611
August 10, 2007
US
Federal Court
California
United States District Court
unnamed
Henderson

Summary

Finding that the estate failed to carry its burden to prove support for 35% discount in fractional (50%) interest in art, the court confirms IRS 5% discount.

See Also

Stone v. United States

Full Text of Court Cases
August 10, 2007

Finding that the estate failed to carry its burden to prove support for 35% discount in fractional (50%) interest in art, the Court confirms IRS 5% discount.