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- Title
Four FLP Discount Issues in One Case: Astleford v. Commissioner.
- Authors
Hoffmann, Carsten
- Abstract
The article discusses a court case wherein the U.S. Tax Court issued its findings in the gift tax matter of Jane Z Astleford v. Commissioner, TC Memo 2008-128 on May 5, 2008. The case tackled some valuation issues such as market absorption discount, identification of Astleford Family Limited Partnership (AFLP) interest in Pine Bend Development Co. as assignee interest and the amount of discount applicable to the gifted interest in AFLP. The article mentions that the court calculated the liquidity premium and quantification of the marketability discount.
- Subjects
UNITED States; ACTIONS &; defenses (Law); PINE Bend Development Co.; LIQUIDITY (Economics); ASTLEFORD Family LP; UNITED States. Tax Court; GIFT taxes
- Publication
Value Examiner, 2008, p22
- ISSN
1094-3137
- Publication type
Article