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Are We Overestimating the Value of Control in Estate-Planning Valuations?

Appraisal Foundation provides guidance on analysis of controlling business interests.
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Gift tax planning transactions involving ownership interests in corporations, limited liability companies and partnerships usually involve the transfer of a noncontrolling interest in the business entity. However, it’s not uncommon for a valuation analyst to encounter a transfer of a controlling ownership interest or a decedent’s estate that holds a controlling business interest. In both cases, the controlling business interest may need to be valued for transfer tax purposes. 

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