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COVID-19 and Gift and Estate Valuations: One Year Later

Nov 29, 2021

Most businesses impacted by the COVID-19 pandemic haven’t yet fully recovered. Depending on the type of business and industry, it may take a long time for certain businesses to bounce back to pre-pandemic levels or to reinvent themselves, shift to a new business model or change market strategies.

The many uncertainties that still linger, including what might happen to the gift and estate tax exemption level, create a rare planning opportunity by allowing business owners to transfer a greater portion of business assets at still lower values and reduce their taxable estate. But because of the looming tax changes that may take effect in 2022, the window of opportunity is narrowing, and there’s no better time than the present.

Review these opportunities in more detail in this article by Angela Sadang published by WealthManagement.com.

Explore the latest on: 

  • Marketability discount in privately held businesses 

  • Businesses impact by COVID-19 

  • Is the market approach still relevant? 

  • Valuation date – timing the gifting date 

  • New tax law in 2022? 

  • Company-specific risk 

  • Size matters

Review the article here.

Disclaimer: The views, opinions or examples included in linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.