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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https://payrollheaven.com/define/alternate-valuation-date/
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Alternate Valuation Date. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/alternate-valuation-date/.
Chicago Manual of Style (CMS):
Alternate Valuation Date. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/alternate-valuation-date/ (accessed: December 07, 2021).
American Psychological Association (APA):
Alternate Valuation Date. PayrollHeaven.com. Retrieved December 07, 2021
, 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.