 | William G. Gale, James R. Hines, Joel Slemrod - 2011 - 544 pages
...market value for the purpose of determining estate tax liability. Fair market value is defined as "that price at which the property would change hands between...buy or sell and both having reasonable knowledge of the relevant facts," according to the Code of Federal Regulations 26CFR20. 203 1 - 1 (b) . In practice,... | |
 | Mark O. Dietrich - 2001 - 666 pages
...of the medical practice of Gregor Faustus, MD. The term "fair market value" is defined as follows: The price at which the property would change hands...willing buyer and a willing seller, neither being under a compulsion to buy or sell and both having reasonable knowledge of relevant facts. Although our valuation... | |
 | Bruce R. Hopkins - 2002 - 354 pages
...as to quid pro quo contributions.76 As a general rule, the fair market value of an item of property is the price at which the property would change hands...sell and both having reasonable knowledge of relevant facts.77 The IRS amplified this rule, holding that the "most probative evidence of fair market [value]... | |
 | Kalman A. Barson - 2002 - 576 pages
...the fair market value of , as at . For the purpose of our opinion, fair market value is defined at the price at which the property would change hands...buy or sell and both having reasonable knowledge of all relevant facts. Before preparing our opinion, we wish to outline our understanding of the terms... | |
 | James Jurinski, Gary A. Zwick - 2002 - 348 pages
...of the Willing Buyer and the Willing Seller The regulations set out the basic premise for valuation: "The fair market value is the price at which the property...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.... | |
 | Michael B. Kennedy, Evelyn M. Capassakis, Richard S. Wagman, PriceWaterhouseCoopers LLP - 2002 - 212 pages
...the contribution, subject to certain reductions discussed later. "Fair market value" is defined as "the price at which the property would change hands...neither being under any compulsion to buy or sell." Encumbrances or debts on such property will also affect the value of the contribution and the tax consequences... | |
 | Bruce Berman - 2002 - 672 pages
...hereinafter are met.1 "Fair market value" is the price at which the patent would change hands between a willing buyer and a willing seller, neither being...both having reasonable knowledge of relevant facts concerning the property.2 To generate a full fair market value deduction, the donated property must... | |
 | Bruce L. Richman - 2002 - 306 pages
...value at the date of the gift shall be considered the amount of the gift. The value of the property 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, and both having reasonable knowledge of relevant facts. Section 25.25... | |
 | World Trade Organization - 2002 - 428 pages
...particular transaction. Fair market value. The amount at which property would change hands between a willing buyer and a willing seller, neither being...buy or sell and both having reasonable knowledge of the relevant facts. Black's Law Dictionary, West Publishing Co. (6th Ed. 1990). Since the introduction... | |
 | Vernon Hoven - 2003 - 358 pages
...nondeductible personal loan to a deductible qualified-residence interest loan. What is fair market Value? It is the price at which the property would change hands...neither being under any compulsion to buy or sell. $100,000 Cap On home equity indebtedness. The amount of home equity indebtedness on which interest... | |
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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. 
