Additional Advantage For Special Use Valuation

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T06:19:18.000
dc.date.accessioned 2020-06-29T22:56:50Z
dc.date.available 2020-06-29T22:56:50Z
dc.date.embargo 2017-12-18
dc.date.issued 2012-05-11
dc.description.abstract <p>At the time of enactment of special use valuation in 1976,<strong>1 </strong>no mention was made of the possibility of sharp and persistent increases in farmland values or sharp drops in interest rates. Both have occurred (and continue to occur) with the result that special use valuation offers unusually generous discounts within the statutory limits in terms of maximum reduction of the gross estate. The economic environment has also created unusually large potential income tax liabilities on sale of special use valued farmland which was purchased from the estate because of the relatively low income tax basis in estates recently electing special use valuation. Both deserve careful planning attention.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol23/iss10/1/
dc.identifier.articleid 2129
dc.identifier.contextkey 11265897
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol23/iss10/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3609
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol23/iss10/1/AgLawDigest_v23n10_01.pdf|||Fri Jan 14 17:51:53 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 Additional Advantage For Special Use Valuation
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication c17d6367-c816-4e4e-afce-9c9c04ac2891
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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