Journal Issue:
Agricultural Law Digest: Volume 5, Issue 10
Agricultural Law Digest: Volume 5, Issue 10
No Thumbnail Available
Volume
Number
Issue Date
Journal Title
Journal ISSN
Journal Volume
Journal Volume
Articles
Publication
Cases, Regulations and Statutes
(
1994-05-13)
Publication
Cash Rental of Land After Death to Family Corporation: No Special Use Valuation Recapture
(
1994-05-13)
The rule has been well settled since publication of the "qualified use" regulations in 1980 that land must meet a pre-death qualified use test to be eligible for special use valuation. A similar requirement was imposed in the recapture period after death to avoid recapture of the special use valuation benefits. A recent case has addressed an important issue in application of the post-death test; the case could also be important in pre-death eligibility as well.