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NOTES 959 Tax Lawyer, Vol. 53, No. 4 NOTE THE AVAILABILITY OF LACK OF LIQUIDITY DISCOUNTS FOR TRANSFERS OF FAMILY LIMITED PARTNERSHIP INTERESTS KERR V. COMMISSIONER: In Kerr v. Commissioner ,1 the Tax Court held that, for purposes of determiniin the gift tax owed, a lack of liquidity discount would be allowed in calculatiin the value of transferred limited partnership interests. The court considered whether the interests transferred could be characterized as assignee interests rather than...