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 347by United States. Internal Revenue Service - 1981Full view - About this book
 | United States. Court of Claims - 1946
...value. It said "The value of property 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 sell." This meaning of value is used for all sorts of legal purposes, such as -direct property taxes, excise... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1932 - 256 pages
...decedent's death. The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell. When property is sold within a reasonable period after decedent's death, and it is shown that the selling... | |
 | United States. Congress. House. Committee on Ways and Means - 1933 - 328 pages
...decedent's death. The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell. When property is sold within a reasonable period after decedent's death, and it is shown that the selling... | |
 | United States. Congress. House. Committee on Ways and Means - 1933 - 328 pages
...decedent's death. The fair market value is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell. When property is sold within a reasonable period after decedent's death, and it is shown that the selling... | |
 | 1939
...thereof at the date therein prescribed or such value adjusted as therein set forth. The fair market value is the price at which the property would change hands...buyer and a willing seller, neither being under any compulsion to buy or to sell. The fair market value of a particular kind of property includible in... | |
 | 1939
...thereof at the date therein prescribed or such value adjusted as therein set forth. The fair market value V V compulsion to buy or to sell. The fair market value of a particular kind of property includible in... | |
 | United States. Board of Tax Appeals - 1941
...that the fair market value of property is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell, the petitioner argues that both parties to the 1922 exchange had full knowledge of the value of the... | |
 | United States. Internal Revenue Service - 1941
...thereof at the date therein prescribed or such value adjusted as therein set forth. The fair market value is the price at which the property would change hands...buyer and a willing seller, neither being under any compulsion to buy or to sell. The fair market value of a particular kind of property includible in... | |
 | 1992
...satisfy paragraph (b)(5). and it is appropriately limited by the corridor described in paragraph (bX6). (c) Fair market value of assets— (1) General rules....the property would change hands between a willing buyer and a milling seller, neither being under any compulsion to buy or sell and both having reasonable... | |
 | 1997
...to satisfy paragraph (b)(5), and It is appropriately limited by the corridor described In paragraph (c) Fair market value of assets — (1) General rules....for purposes of this section is the price at which Ш property would change hands be t werf a willing buyer and a willing sel» neither being under any... | |
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