Tax
Mar. 1, 2000
Gift Gaffe
By Boyd Hudson The end of every year leads to a rush of transactions that are often motivated by tax concerns. The year that just ended was no exception. A popular technique is to make gifts to children in the form of partial interests in closely held businesses. In most cases, these gifts will be made at a discounted value due to the fact that the gifted interest is a minority interest in the business or that there is no market for the interest.
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