Tax Court Clarifies Fair Market Value as a Standard of Value

Business Valuation Update BVLaw
Legal and Court Case Update
January 24, 1996

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5621 Women's Clothing Stores
448120 Women's Clothing Stores
estate and gift taxation
Estate of Cyril I. Magnin v. CIR (I)
T.C. Memo. 1996-25
US
Federal Court
United States Tax Court
Stephen A. Stewart <br> J. Michael Jones <br> Bryan H. Browning <br>
Ruwe

Summary

The Tax Court clarified the definition of "fair market value" when it warned that the hypothetical sale should not be separated from the actual facts that would affect the value of the subject company's stock.

See Also

Estate of Cyril I. Magnin v. CIR (I)

Full Text of Court Cases
January 24, 1996

The Tax Court clarified the definition of 'Fair Market Value' when it warned that the hypothetical sale should not be separated from the actual facts that would affect the value of the subject company's stock.