Hall, Lance S.; Polacek, Timothy C.
April 1994
Journal of Financial Planning;Apr94, Vol. 7 Issue 2, p76
Academic Journal
Recent Tax Court cases suggest that higher discounts for fractional interests in real estate are in store for the taxpayer. Such discounts provide not only a simple and practical approach to estate planning but also significant tax savings for the taxpayer. This article discusses the roots of the trend toward higher discounts, in particular the Estate of Berg decision which brought forth the REIT Approach to valuation. The article further explores the REIT Approach, its advantages and disadvantages, and why it may portend higher discounts for fractional interests in real estate.


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