18:26-8.11 Fractional interest in real property
(a) The appraisal of real estate in which a decedent owned a fractional interest, in cases where the estate contends that a discounted value is in order, is conducted by a representative of the Inheritance Tax Branch.
(b) A determination shall then be made by a representative of the Inheritance Tax Branch as to whether a discount in value is warranted, and, if so, the amount of the discount to be allowed.
(a) The appraisal of real estate in which a decedent owned a fractional interest, in cases where the estate contends that a discounted value is in order, is conducted by a representative of the Inheritance Tax Branch.
(b) A determination shall then be made by a representative of the Inheritance Tax Branch as to whether a discount in value is warranted, and, if so, the amount of the discount to be allowed.
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