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C IL | Yes, minority shares are typically discounted depending on how the entity is structured and if any reasonable arms-length appraisal is performed, at least for tax purposes.
Depends. There was a long thread on this a couple of months back. 25-30% isn’t out of reason in front of the tax courts, I have been informed.
An estate attorney told me there are rules of thumb, everything is subject to review, and of course they are bound by any specific rulings in their tax court jurisdiction. I understand valuation discounts in keeping with the numbers above have been accepted.
Edited by sand85 1/6/2019 10:11
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Minority Share Discount for Farming Entities
