Gift Tax Appraisal

Gift Tax

Gift Tax or Generation-Skipping-Tax (GST) is a popular method for transferring property from one generation to the next. The technique enables donors to reduce their taxable estates by gifting property at discounted values, due to lack of majority control and the lack of marketability associated with such minority interest in such properties. As a result, the donor effectively shifts the tax burden on any property appreciation to the younger generation. To realize the benefits of gift tax, it is important to disclose the details on a gift tax return along with a qualified appraisal report that supports the fair market value used. At NYC Real Estate Appraisals, we are intimately familiar with preparing appraisals for gift tax purposes. Our reports exceed the requirements set forth by the IRS, giving you peace of mind that you and assurance. If you or your client is in the gift tax process, give us a call for a free consultation and to get a fee quote. Request Appraisal Quote