 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
 | United States. Court of Claims - 1946 - 906 pages
...provides that "The value of the 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 to sell. All relevant facts and elements of value as of the time of the gift should be considered." And the... | |
 | United States. Internal Revenue Service - 1924 - 76 pages
...amount of the gift. 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 to sell. Where the property is sold within a reasonable period after the gift, and it is shown that the selling... | |
 | Lafayette Blanchard Gleason, Alexander Otis - 1925 - 1550 pages
...amount of the gift. 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 to sell. Where the property is sold within a reasonable period after the gift, and it is shown that the selling... | |
 | Paul Whittier Pinkerton, Jefferson Humphrey Millsaps - 1926 - 1082 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 to sell. « « » Neither depreciation nor appreciation in value subsequent to the date of decedent Ts death... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 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 to sell. Where the property is sold within a reasonable period after the decedent's death, and it is shown that... | |
 | United States. Internal Revenue Service - 1929 - 176 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 to sell. Where the property is sold within a reasonable period after the decedent's death, and it is shown that... | |
 | United States. Internal Revenue Service - 1933 - 98 pages
...of the gift. 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 to sell. Where the property is sold within a reasonable period after the date of the gift, and it is shown that... | |
 | United States. Board of Tax Appeals - 1934 - 1512 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 to sell. * * * ******* Stock in a close corporation should be valued upon the basis of the company's net worth,... | |
 | United States. Bureau of Internal Revenue - 1936 - 104 pages
...the gift. The value of the 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 to sell. The value of a particular kind of property is not to be determined by a forced sale price or by an... | |
 | 1940 - 1806 pages
...set forth. The fair market value is the price at •which the property would change hands between a M The fair market value of a particular kind of property includible in the gross estate is not to be... | |
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