Tax Court Recognizes Discount for Trapped-In Capital Gains

Business Valuation UpdateVol. 4 No. 8
Legal and Court Case Update
August 1998
6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
estate and gift taxation

Estate of Davis v. Commissioner
110 T.C. 530, 110 T.C. No. 35, 1998 U.S. Tax Ct. LEXIS 35
June 30, 1998
Federal Court
United States Tax Court
Alex Howard (for estate)<br>Shannon Pratt (for estate)<br>John Thomson (for IRS)


The issue in this case was the value of each of two 25-share blocks (out of 97 shares outstanding) of ADDI&C, gifted on Nov. 21, 1992.

See Also

Estate of Davis v. Commissioner

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