Use the full market value, without regard to a mortgage.
Question
From: Berg, Karen E. <KBERG@ftc.gov>
Sent: Friday, October 29, 2021 12:01:44 PM (UTC-05:00) Eastern Time (US & Canada)
To: [Redacted]
Cc: HSRHelp <HSRHelp@ftc.gov>
Subject: RE: Size-of-Person Test - Income-producing property question - Time Sensitive
Use the full market value, without regard to a mortgage.
From: [Redacted]
Sent: Thursday, October 28, 2021 12:56:50 PM (UTC-05:00) Eastern Time (US & Canada)
To: HSRHelp <HSRHelp@ftc.gov>
Subject: Size-of-Person Test - Income-producing property question - Time Sensitive
Good afternoon!
We have a natural person UPE and are trying to determine whether the size-of-person test is satisfied. He has income-producing property, but it is mortgaged. When considering the value of the income-producing property assets, do we include the full market value or just the equity value?
Thanks!