special use valuation

An executor’s option of valuating real property in an estate, esp. farmland, at its current use rather than for its highest potential value. [Cases: Internal Revenue 4183; Taxation 895. C.J.S. Internal Revenue § 519; Taxation §§ 1900–1909, 1918–1931, 1941–1944, 1948.]

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词条贡献者

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。