most suitable use valuation
- most suitable use valuation
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Black's law dictionary.
HENRY CAMPBELL BLACK, M. A..
1990.
Look at other dictionaries:
most suitable use valuation — For gift and estate tax purposes, property that is transferred normally is valued in accordance with its most suitable or highest and best use. Thus, if a farm is worth more as a potential shopping center, this value will control even though the… … Black's law dictionary
special use valuation — An option which permits the executor of an estate to value, for death tax purposes, real estate used in a farming activity or in connection with a closely held business at its current use value rather than at its most suitable or highest and best … Black's law dictionary
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