Case Name: Appeal of CLIFFORD A. COOK, Executor of the Will of CHARLES A. CLAFLIN
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-06-23
Citations: 2 B.T.A. 126
Docket Number: Docket No. 1579
Parties: Appeal of CLIFFORD A. COOK, Executor of the Will of CHARLES A. CLAFLIN.
Judges: Before Grautner, LaNsdoN, and Green.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 126–127

Head Matter:
Appeal of CLIFFORD A. COOK, Executor of the Will of CHARLES A. CLAFLIN.
Docket No. 1579.
Submitted April 30, 1925.
Decided June 23, 1925.
Charles E. Haywood, Esq., for the taxpayer.
L. C. Mitchell, Esq., for the Commissioner.
Before Grautner, LaNsdoN, and Green.

Opinion:
OPINION.
Green:
The evidence includes the taxpayer's valuation, the Commissioner's valuation, the appraisement for the Massachusetts inheritance tax, the appraisement for local tax purposes, and the opinions of several witnesses, as well as evidence as to sales of like property.
Certain witnesses testified that in their opinion a fractional interest in real estate, though that fraction be more than half, is worth less than the same fractional part of the total value. There is nothing in the record to indicate that there are in this case any special conditions which reduce the value of a fractional part, or that the value of the fractional part is less than the proportionate part of the value of the whole.
From the evidence before us, we are of the opinion that the correct value of the nine-fourteenths interest in the trust held by the estate is $101,442.85.