Earned Income Tax Credit | The Technique of the “Valuation Discount” For Family Limited Partnerships

The Technique of the “Valuation Discount” For Family Limited Partnerships

The Family Limited Partnership ("FLP") is often used to transfer interests to family members on a "discounted" basis, thereby lowering or sometimes even eliminating transfer taxes. The idea is to use a "discount" so that the value of the property appears to appraisers to be much less than it is.

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