Blockage discount refers to a reduction from the fair market value of a decedent's block of inventory for the purpose of determining the valuation of an estate.
An independent expert who appraises the value of property for which there is limited trading. The role is crucial in assessing the value of unique assets, such as antiques in an estate or rarely traded stocks or bonds.
A valuation of all the assets included in the estate of a deceased person at the date of his or her death, taking into account any restrictions on the use of the assets. This value is primarily agreed upon with HM Revenue and Customs for the purpose of calculating inheritance tax.
