1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 130 A.D.2d
  5. 130 A.D.2d 881 (1987)
 

MATTER OF COLGATE v. NEW YORK STATE TAX COMM'N

130 A.D.2d 881 (1987)

In the Matter of Florence Colgate, Individually and as Executrix of John K. Colgate, Deceased, Petitioner, v. New York State Tax Commission, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

May 21, 1987

Main, J. P.

At issue in this proceeding is the valuation of certain gifts of stock made by petitioner and decedent in 1976. Inasmuch as the stock was not publicly traded, valuation of these gifts was difficult, and an independent appraiser was hired to appraise the stock for gift tax purposes. The appraiser valued the stock at net asset value discounted 57.8% due in part to the fact that the stock was not publicly traded. Upon auditing petitioner's and...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases