Nursing Homes/Skilled Nursing Facilities
This industry comprises establishments primarily engaged in providing inpatient nursing and rehabilitative services. The care is generally provided for an extended period of time to individuals requiring nursing care. These establishments have a permanent core staff of registered or licensed practical nurses who, along with other staff, provide nursing and continuous personal care services.
Nursing Home Valuation Must Separate Real Estate From Business Activity
In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.
Arbors East RE, L.L.C. v. Franklin County Bd. of Revision
In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.
Otherwise Qualified Expert ‘Dauberted’ by Unreliable Healthcare Valuation
An otherwise qualified valuation expert loses Daubert challenge for failing to consider all three valuation approaches in assessing healthcare industry lease.
Lock Realty Corp. v. U.S. Health, LP
An otherwise qualified valuation expert loses Daubert challenge for failing to consider all three valuation approaches in assessing healthcare industry lease.
Caracci v. Commissioner (II)
The U.S. Court of Appeals for the Fifth Circuit determined that the Tax Court erroneously valued the assets of a non-profit corporation that converted to a for profit corporation and rendered a decision for the taxpayer.
Tax Court Chooses Market Approach Over Asset Approach
The issue in this consolidated case involving the Caracci family was whether the value of the Sta-Home Health Agency Inc. (SHHA) and related entities transferred into S corporations exceeded the consideration paid.
Caracci v. Commissioner (I)
The issue was whether the value of the Sta-Home Health Agency, Inc. (SHHA) and related entities transferred into S corporations exceeded the consideration paid.
James W. Duncan, et al. v. TheraTx Incorporated
The Delaware Supreme Court concluded that the appropriate measure of damages for suspended shelf registration is the difference between the highest intermediate price of the shares during a reasonable time at the beginning of the restricted period, which ...
Option With No Bona Fide Business Purpose Not Relevant to FMV
This case deals with the valuation for estate tax purposes of four Housing and Urban Development (HUD) housing partnerships and one real estate management partnership.
Estate of Godley v. Commissioner (I)
At issue in the equitable distribution litigation was the value of Fred Jr.'s 50-percent general partnership interest in the partnerships.
Godfrey v. Godfrey
One of the issues was the valuation of stock in a closely-held nursing home business at $0 despite testimony from both parties to the contrary.