NEW YORK · GIFT TAX VALUATION
New York Gift Tax Appraisers
New York gift tax appraisal services covering federal Form 709 filings, closely held business interests, and valuation discounts for minority and fractional stakes, prepared in accordance with USPAP. Equity Business Valuation Services appraises privately held companies, family limited partnership interests, and minority stock for gift tax reporting across New York, from New York City and Long Island to Buffalo and the Capital Region.
- USPAP-compliant IRS Form 709 valuations
- Closely held, FLP, and minority interest expertise
- Business owners statewide across New York
Why New York Is Different
New York Levies No Gift Tax but Taxes Gifts Made Within Three Years of Death
New York does not impose a separate state gift tax, so a lifetime gift of business interests does not trigger a New York gift tax return. Gifts above the federal annual exclusion are still reported to the IRS on Form 709, and when the gift is an interest in a privately held company, that filing has to rest on a qualified appraisal. Owners with holdings that also touch Connecticut, the only state with its own gift tax, or the District of Columbia can see how DC's gift tax rules differ from New York's.
Timing still matters in New York. The state levies an estate tax, and gifts made within three years of death can be pulled back into the New York taxable estate, so a documented value at the date of each gift supports both your federal Form 709 today and your estate plan over time. We recommend confirming how these rules apply to your situation with your tax advisor.
Our appraisers prepare USPAP-compliant gift tax business valuations built for this exact purpose, and each report explains the analysis behind the number so your filing position holds up if it is ever reviewed. Before the engagement begins, we walk you through the documentation you will need for Form 709 and why an appraisal is generally required for a gift tax return involving business interests.
VALUATION SCOPE
New York Business Interests We Value for Federal Gift Tax Filings
From Manhattan holding companies to family enterprises across Long Island and the Hudson Valley, our appraisers value privately held interests transferred under a New York gift tax plan. Every valuation is prepared in accordance with USPAP and built for its intended use on IRS Form 709.
Privately Held C-Corporation Stock
Fair market value of shares in family-owned New York corporations gifted to children, trusts, or key employees.
LLC & Partnership Membership Units
Interests in operating and real estate LLCs valued with documented support for control and marketability discounts.
Family Limited Partnership Interests
FLP interests transferred as part of a multi-generational gifting strategy, valued with a documented discount analysis.
Minority & Non-Controlling Stakes
Fractional and non-controlling ownership positions valued for lifetime gift transfers reported on Form 709.
Professional Practice Interests
Medical, legal, and other New York professional practices valued for owner gifting and succession planning.
Family Holding & Investment Entities
Investment partnerships and real estate holding companies valued for intergenerational wealth transfers.
HOW IT WORKS
How We Prepare Your New York Gift Tax Valuation
- 01
Tell Us About the Transfer
Share details on the business, the interest being gifted, and the Form 709 filing date you're working toward.
- 02
Our Team Reviews Your Financials
We analyze financial statements, ownership records, and industry and market conditions.
- 03
We Determine Fair Market Value
Our appraisers apply recognized valuation methods and document any applicable discounts.
- 04
You Receive a Defensible Report
Your USPAP-compliant valuation is ready to support your federal gift tax filing.
SERVICE AREA
Gift tax business valuations anywhere in New York, including New York City, Long Island, the Hudson Valley, and Western New York
New York City
Buffalo
Rochester
Yonkers
Syracuse
Albany
New Rochelle
White Plains
Long Island
The Hudson Valley
FAQ
New York Gift Tax Appraisal Questions
Does New York have a state gift tax?
No. New York does not impose a standalone gift tax, so a lifetime gift of business interests does not create a New York gift tax return. Gifts above the federal annual exclusion are still reported to the IRS on Form 709, and gifts of privately held business interests on that return should be supported by a qualified appraisal.
How do lifetime gifts affect New York estate tax?
New York levies an estate tax, and gifts made within three years of death can be added back into the New York taxable estate. A documented fair market value at the date of each gift supports both your federal Form 709 and the coordination of your estate plan over time. We recommend confirming how these rules apply to your circumstances with your tax advisor.
What New York business interests require a gift tax appraisal?
Any gift of a hard-to-value interest generally calls for an appraisal: shares in a closely held corporation, membership units in an LLC, family limited partnership interests, and fractional or minority stakes. Publicly traded securities have a readily determinable value and usually do not, but privately held interests do.
Can you appraise a New York business remotely?
Yes. Business valuations are performed remotely from the financial records and supporting documents you provide, so no site visit is required. We work with clients throughout New York, from New York City and Long Island to Buffalo, Rochester, and the Capital Region, and prepare every report in accordance with USPAP.
Can you meet a federal gift tax filing deadline?
Most engagements are completed three to five weeks after we begin the analysis, and we offer expedited delivery in as little as 11 business days when a filing date is close. Share your Form 709 due date up front and we will confirm whether the timeline works before any work begins.
GET STARTED
Request a New York Gift Tax Valuation
Tell us about your business and Form 709 timeline, and our team will follow up with a fixed-fee quote.