Simplot Reversed by 9th Circuit; Control Premium for Voting Shares Incorrectly Applied

Business Valuation UpdateVol. 7 No. 6
Legal and Court Case Update
June 2001
3495 Wire Springs
332216 Saw Blade and Handtool Manufacturing
estate and gift taxation
control premium, estate tax, fair market value (FMV), minority interest

Estate of Simplot v. Commissioner (II)
249 F.3d 1191, 2001 U.S. App. LEXIS 9220
May 14, 2001
Federal Court
9th Circuit
United States Court of Appeals


This case is the 9th Circuit Court of Appeals' decision on appeal of Estate of Simplot v. Commissioner, 112 T.C. No.13 (1999), which was abstracted in the May 1999 issue of Shannon Pratt's Business Valuation Update.

See Also

Estate of Simplot v. Commissioner (II)

Ninth Circuit reversed and ordered entry of judgment in favor of the estate on remand because the Tax Court erroneously attributed a premium to minority voting stock.