Estate and gift taxation: Valuation discounts in determining the market value of real estate.
Excerpt: “The authors of this article offer an overview of the pertinent cases—to reveal that the taxpayer has the burden of proof in establishing the amount of any and all discounts when interests in a closely held entity are transferred by gift or death.” (p.44)
Warren, Gorham and Lamont
Fellows, J. A., & Yuhas, M. A. (2001). Estate and gift taxation: Valuation discounts in determining the market value of real estate. Real Estate Review, 30(4), 44-57.
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