Block Age - Definition - Law Dictionary Home Dictionary Definition block-age

Definition :

Block-age, is a condition of a large block of items of property (as share of stock) that requires special valuation for purposes of estate and gift tax because the value of the items sold as a block differs from their value if sold individually, Webster's Dictionary of Law, Indian Edn. (2005), p. 53.

Means the condition of a large block of items of property (as shares of stock) that requires special valuation of purposes of estate and gift tax because the value of items sold as a block differs from their value if sold individually, Webster's Dictionary of Law, Indian Edn. (2005), p. 53.