Holman v. Commissioner (filed 5/27/08 - FLP)

In this U.S. Tax Court case, the Court held that transfer restrictions were to be ignored under Section 2703 under the particular circumstances of the case (which included the holding of only one issue of stock). The Court also held that the value of the underlying stock for gift tax purposes should be calculated based on the average of the high and low on the valuation date.


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