The Fifth Circuit Court overturned the Tax Court's valuation discount decision in the Estate of Elkins case, rejecting the Tax Court's 10% discount determination and siding with the Estate's experts. The decision considered the co-tenant agreement and exceptions to Section 2703(a).
doj/DataSet10/EFTA01455573.pdf
{"key_people":["Mr. Hall"],"document_date":"2014-09-15","document_type":"correspondence","key_locations":["New York","San Francisco","Irvine","Dallas"],"document_subtype":"legal analysis","key_organizations":["FMV Opinions, Inc.","Fifth Circuit Court","Tax Court"],"reference_numbers":["No. 13-60472","140 T.C. No. 5"]}