Another Slant to Co-Ownership Discounts Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T06:36:41.000 2020-06-29T22:57:42Z 2020-06-29T22:57:42Z 2017-12-19 2014-11-28
dc.description.abstract <p>A decision by the Fifth Circuit Court of Appeals in 2014, Elkins v. Commissioner1 involving co-ownership of art collections has added another chapter to the saga of coownership discounts.2 Although other courts have allowed discounts for the costs of partition and sale, the courts generally have been reluctant to allow more than a token discount for a fractional interest itself in art works.3 The Elkins case4 allowed a 44.75 percent discount for undivided interests in works of art and a 10 percent discount for restrictions on transferability.5 An earlier Ninth Circuit case approved a token five percent discount.6</p>
dc.identifier archive/
dc.identifier.articleid 2253
dc.identifier.contextkey 11275534
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol25/iss23/1
dc.source.bitstream archive/|||Fri Jan 14 17:51:12 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Another Slant to Co-Ownership Discounts
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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