Charles (Chuck) Rubin: Court Grants 44.75% Fractional Discount in Artwork, but Don’t Get Too Excited

By Charles (Chuck) Rubin SUMMARY: An appellate opinion granting a 44.75% discount for a fractional ownership interest in artwork has limited precedential value. The Fifth Circuit Court of Appeals recently overruled the Tax Court's 10% fractional interest discount allowed for artwork in an estate tax valuation case. Instead, the appellate court allowed in full the … Continue reading Charles (Chuck) Rubin: Court Grants 44.75% Fractional Discount in Artwork, but Don’t Get Too Excited