Gain an understanding of the impact of gift and estate tax valuations.
Most, if not all, businesses rely on tangible assets to assist in their business operations. This is especially true in the valuation of real estate or other asset holding entities commonly found in estate tax planning. It is vital to understand the integrated nature of real estate, personal property and business operations in order to appropriately determine the value of a business or ownership interest. Industry practitioners are experiencing increased scrutiny in recent years driven by expanded regulatory resources allocated to reviewing tax compliance valuations. This information offers uptodate guidance on evolving valuation industry practices and techniques impacting gift and estate tax valuations and the interplay between tangible assets and business valuation.
Interconnection Between Business Valuation and Asset Appraisals
Separating out Real Estate Embedded Within Operating Businesses
Considering Asset Level Discounts and Obsolescence
Interplay of Discounts Applied to Underlying Assets vs. Ownership Interests
Current Trends in Supporting Discounts
• Undivided Interest Discounts – Tenancy in Common
• Discount for Lack of Control
• Discount for Lack of Marketability
Kevin Bohrer, CFA with Grant Thornton LLP, Don Davidson with Grant Thornton LLP, Joe Mease, ASA with Grant Thornton LLP
CFP ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Enrolled Agents ,Additional credit may be available upon request.