Tax Court Determines Capital Gains Discount for Real Estate Holding Company

Business Valuation UpdateVol. 6 No. 10
Legal and Court Case Update
October 2000
6512 Operators of Nonresidential Buildings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
estate and gift taxation
discount rate, net asset value, capitalization rate, discount for lack of marketability (DLOM), estate tax, fair market value (FMV), holding period, build-up method

Borgatello v. Commissioner
T.C. Memo. 2000-264, 2000 Tax Ct. Memo LEXIS 309
August 18, 2000
Federal Court
United States Tax Court
Wayne Holden (for estate)<br>James Brockardt (for estate)<br>David Marx (for IRS)|Roger Wilde (for IRS)


This issue in this estate tax matter is the fair market value of decedent's 82.76% interest in Valley Improvement Co. Inc. (VIC), a real estate holding company, as of Jan. 12, 1994.

See Also

Borgatello v. Commissioner