Giaimo v. Vitale (II)
In dissenting shareholder case, appellate court affirms application of DLOM to statutory fair value of real estate holding companies, as well as present-value discount for taxes on built-in gains (BIG).
Valuing a Hypothetical Asset Renders Appraisal ‘Meaningless’
Tax Court says petitioner failed IRC’s section 170 requirements for charitable contribution deduction because his claim leaned on appraisals of the donated building that were not qualified; neither valuation was timely or established the asset’s fair mark ...
Alli v. Commissioner
Tax Court says petitioner failed IRC’s section 170 requirements for charitable contribution deduction because his claim leaned on appraisals of the donated building that were not qualified; neither valuation was timely or established the asset’s fair mark ...
Can Defendant Disclaim Its Own Projections to Undo Expert’s Valuation?
Appeals court strikes down $28.2 million award to minority owner finding expert’s determination of the present value of the owner’s interest in income-producing properties relied on majority owner’s unreliable internal projections; although a party’s effo ...
Citrin Holdings, LLC v. Minnis
Appeals court strikes down $28.2 million award to minority owner finding expert’s determination of the present value of the owner’s interest in income-producing properties relied on majority owner’s unreliable internal projections; although a party’s effo ...
NY Court Ratifies DLOM in Fair Value of Real Estate Companies
In dissenting shareholder case, appellate court affirms application of DLOM to statutory fair value of real estate holding companies, as well as present-value discount for taxes on built-in gains (BIG).
‘Fundamental Accuracy’ of Report Fails to Overcome Arbitrary Minority Discount
Minor errors in appraiser’s testimony weren’t fatal—but application of an “arbitrary” minority discount to real estate holding company was.
Pickard v. Pickard
Minor errors in appraiser’s testimony weren’t fatal—but application of an “arbitrary” minority discount to real estate holding company was.
8th Circuit Upholds Use of Preconfirmation Value
The bankruptcy court adopted a reorganization plan over the debtors' objection. The debtors appealed to the U.S. District Court, which upheld the bankruptcy court.
In re Westpointe, L.P.
The bankruptcy court adopted a reorganization plan over the debtors' objection.
Blockage Discount Appropriate for Apartment House
The taxpayer was granted a 20% fractional interest discount and an 11% blockage discount with apartment house properties, based on comparable sales and an analysis of market conditions and the economy.
Tax Court Rejects QMDM and Use of Single Comparable
In this estate tax matter, the Tax Court addressed basic valuation issues dealing with minority interest and illiquidity discounts in the context of a limited partnership interest.
Weinberg v. Commissioner
At issue is the fair market value of a limited partnership interest over which the decedent had a general power of appointment on the date of her death.
Estate of Brocato v. Commissioner
At issue is whether respondent is equitably estopped from assessing additional estate tax, and if not, the proper amount of blockage and fractional interest discounts to be applied to petitioner’s nine real properties must be determined.
11% Blockage Discount Applied in Apartment Valuations
The taxpayer in this estate tax matter was granted a 20% fractional interest discount and an 11% blockage discount with apartment house properties, based on comparable sales and an analysis of market conditions and the economy.
Fractional Interest and Blockage Discount Considered
The Tax Court considered the size of discounts for blockage and fractional interests on nine rental properties.
In re Westpointe
At issue is the valuation of the bankruptcy estates.
In re Westpointe
In this Chapter 11 bankruptcy proceeding, the valuation method the Bankruptcy Court relied upon in valuing the "going concern" of the properties is in dispute.
Estate of E.L. Auker v. Commissioner
Business Valuation and Taxes: Procedure, Law and Perspective ...
Tax Court Outlines Five-Point Test for Determining Market Absorption Discounts
The Tax Court handed down a five-point test for use when considering a market absorption discount (similar to a blockage discount).
Estate of Auker v. Commissioner
In this estate tax matter, the assets consisted of interests in several family-owned entities, the assets of which included real estate and interests in some of the family-owned entities that owned real estate.
Roggen v. Roggen
The issue in this case was the value of a condominium and whether it should have been included as marital property.