. Cranberries; : the national cranberry magazine. Cranberries. gift tax. Finally, further helping reduce the onerous burden of our gift and estate taxes is a little- discussed provision that may well prove quite beneficial to the estate of every small cranberry prower. Ordinarily, for estate tax purposes, all property must generally be included in an estate at its fair market value. What's more, the law clearly states that fair market value should be based on the highest and best use. That means a farmer's estate must find the farmland priced as a housing tract and a cranberry bog valued as be
. Cranberries; : the national cranberry magazine. Cranberries. gift tax. Finally, further helping reduce the onerous burden of our gift and estate taxes is a little- discussed provision that may well prove quite beneficial to the estate of every small cranberry prower. Ordinarily, for estate tax purposes, all property must generally be included in an estate at its fair market value. What's more, the law clearly states that fair market value should be based on the highest and best use. That means a farmer's estate must find the farmland priced as a housing tract and a cranberry bog valued as best suited for a skyscraper. Fortunately, if certain ircumstances are met, our >resent tax law allows farm troperty and all real property ised in any closely held business 0 be included in the estate at its urrent use value. The only rawback is that the difference 1 those two values under present law cannot exceed $500,000. Many a cranberry grower's estate has been able to successfully reduce the value of farm property by using the special use valuation method. Combining this special use valuation system with the new tax laws simply means that if. CEECO CORPORATION OF NEW ENGLAND Industrial Suppliers To The Cranberry Industry Chain, Cable and Accessories \-»-/ Used for Making Mats /^^ All Types of Fasteners (Bulk & Packaged) ^^ Hand Tools Pumps Power Tools Motors Cfiemlcals Abrasives Lubricants Cutting Tools Safety Equipment Ricfiards Rd. Plymouth industrial Park 747-0086 Plymouth, MA 02360 s JT « £ a m Mass. SANDING WIPING Cranberrp SERVICES I Applied % R 1 2 9 5 5 1 5 8 CLIPPING MOWING HARVESTING WET Mowing Includes Hydraulic Arm Mower 13. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Portland, CT [etc. ] : Taylor Pub. Co. [etc. ]
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