Journal Issue:
Agricultural Law Digest: Volume 28, Issue 11

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Cases, Regulations and Statutes
( 2017-05-26) Achenbach, Robert ; Iowa State University Digital Repository
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Discounts for Co-ownership Interests
( 2017-05-26) Harl, Neil ; Iowa State University Digital Repository

Over the last 30 years, substantial changes have emerged over the taxation of co-owned assets (other than joint tenancy).1 Interests in real property held as community property have been eligible for a discount in value for unmarketability of the decedent’s fractional interest, at least since 1982.2 However, discounts for undivided interests in tenancy-in-common ownership of property otherwise were rejected until fairly recently.3

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