 The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.  Internal Revenue Cumulative Bulletin - Page 327by United States. Internal Revenue Service - 1973Full view - About this book
 | James Jurinski, Gary A. Zwick - Business enterprises - 2002 - 348 pages
...for valuation: "The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts." Treas. Reg. ยง20.2031-1. When no recent, bona... | |
 | Bruce L. Richman - Business & Economics - 2002 - 306 pages
...the gift. The value of the property is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of relevant facts. Section 25.25 12-2(a) of the regulations provides... | |
 | James R. Hitchner, Michael J. Mard - Business & Economics - 2003 - 241 pages
...the gift. Q The value of the property is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of relevant facts. Q Fair market value on the date of the gift.... | |
 | James R. Hitchner - Business & Economics - 2003 - 1056 pages
...that section. The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.6 The corresponding regulation for gift tax... | |
 | L. Rush Hunt, Lara Rae Hunt - Business & Economics - 2004 - 242 pages
...market value: "The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts."1 Valuation problems often are present in the... | |
 | Doug H. Moy - Business & Economics - 2004 - 434 pages
...valuation. The value of the property gifted is the price at which such property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.17 Five types of transfers are not subject to... | |
 | Kaye A. Thomas - Business & Economics - 2005 - 290 pages
...professionals know by heart: Fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. This definition takes you a good part of the... | |
 | United States. Congress. Joint Committee on Taxation - Business & Economics - 2005 - 450 pages
...transfer.877 The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.878 If actual sales prices and bona fide bid... | |
 | OECD - 2005 - 97 pages
...from personal income taxation. 65. Fair value The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. 66. Final average The fund member's earnings... | |
 | Steven D. Fisher - Business & Economics - 2006 - 394 pages
...it this way: "The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts." Of course, this definition refers to any property... | |
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