CHAPTER TWENTY-THREEValuation Principles and Various Penalties
- § 23.1 Valuation of Property—General Principles
- § 23.2 Valuation of Works of Art
- § 23.3 Valuation of Securities
- § 23.4 Valuation of Other Types of Property
- § 23.5 Other Court Valuation Cases
- § 23.6 Federal Tax Penalties
- § 23.7 Burden of Proof Law
- § 23.8 Burden of Production and Procedural Law
§ 23.1 VALUATION OF PROPERTY—GENERAL PRINCIPLES
Charitable gifts are frequently made using property. A gift to charity may be an outright contribution of property1 or a partial interest in an item of property.2 The gift may entail a reduction of the otherwise deductible amount3 or may implicate one or more of the percentage limitations.4 The income tax rules and/or the gift and estate tax rules5 may be involved. The property may be personal property or real property, tangible property or intangible property.
Whatever the circumstances, the determination of a federal income tax charitable contribution deduction for a gift of property to charity is likely to require valuation of the property. Appraisal requirements apply in ...
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