Tax Policy: Federal Estate Tax on Historic Properties
GGD-88-56
Published: Mar 31, 1988. Publicly Released: Mar 31, 1988.
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Highlights
In response to a congressional request, GAO evaluated the effect of the federal estate tax on historic properties, specifically: (1) the extent to which owners broke up or sold historic properties for incompatible uses to pay federal estate taxes; (2) how current estate tax law applies to historic properties; and (3) a proposal to give preferential treatment to estates that contain historic property.
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Excise taxesFederal taxesHistoric preservationNational historic sitesProgram managementProperty disposalProperty taxesSales taxesTax lawReal property