SEC Rule 144 Discount May Be Applied in Estate Tax Valuations

Business Valuation Update BVLaw
Legal and Court Case Update
June 26, 1998
2711 Newspapers: Publishing, or Publishing and Printing
511110 Newspaper Publishers
estate and gift taxation

McClatchy v. Commissioner
147 F.3d 1089, 1998 U.S. App. LEXIS 13576
Federal Court
9th Circuit
United States Court of Appeals
Nelson, Tashima, Thoma


The 9th Circuit reversed the Tax Court's decision denying the estate a discount for SEC Rule 144 restrictions.

See Also

McClatchy v. Commissioner

At issue is the valuation of decendent's stock in a newspaper corporation for federal estate tax purposes.