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AGO Opinions with Topic: VALUATION OF GIFT
AGO 1953 No. 50 >  May 15, 1953
GIFT TAX - CORPORATE STOCK - VALUATION OF GIFT - EFFECT OF AGREEMENT ON VALUE OF STOCK
GIFT TAX ‑- CORPORATE STOCK ‑- VALUATION OF GIFT ‑- EFFECT OF AGREEMENT ON VALUE OF STOCK A price fixed by stockholders of a corporation in an agreement for the sale or purchase of stock to or from themselves is not binding upon the State in fixing the value of the stock for gift tax purposes, but is one of the factors which must be considered in determining such value.
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