Alternate Valuation Date

Business, Legal & Accounting Glossary

Definition: Alternate Valuation Date


Alternate Valuation Date


Full Definition of Alternate Valuation Date


A second valuation date of a decedent’s estate. Typically, six months after death, a person’s estate is subject to estate taxes. If the estate executor believes that the valuation of the decedent’s estate is declining, or will soon decline, then he or she may opt to use this alternate date of valuation in order to determine the value of the estate. This has the effect of reducing the estate taxes that are owed. If this date is not used to value the estate, then the date of the decedent’s death will be used.


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March 29, 2024 https://payrollheaven.com/define/alternate-valuation-date/.
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Alternate Valuation Date. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/alternate-valuation-date/ (accessed: March 29, 2024).
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Alternate Valuation Date. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/alternate-valuation-date/

Definition Sources


Definitions for Alternate Valuation Date are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.