Prince‘s estate at 50 per cent higher than proposed by the administrator, causing more legal trouble for the estate’s settlement.As reported by the Star Tribune, the Internal Revenue Service has valued Prince’s estate at £119.4million (US$163.2million), significantly higher than the £60.2million (US$82.3million) valuation from Comerica Bank & Trust, the estate’s administrator.The discrepancy between the two figures primarily involves the singer’s music publishing and recording interests.
Specifically, a $15million difference of opinion in the fair market value of Prince’s ownership of NPG Music Publishing, as well as an $11million valuation gap in his interest in his music compositions.Because of this new valuation, the IRS has claimed the.
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