 | 1971 - 612 lapas
...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...having reasonable knowledge of relevant facts. The value of a particular item of property is not the price that a forced sale of the property would produce.... | |
 | United States. Tax Court - 1965 - 916 lapas
...price at which the property would change hands between a willing bnyer and a willing seller, neither being under any compulsion to buy or to sell and both...having reasonable knowledge of relevant facts. The fair market value of a particular Item of property Includlble In the decedent's gross estate Is not... | |
 | United States. Congress. Senate. Committee on Finance - 1967 - 1524 lapas
...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. (Estate Tax Regs.) 26 CFR 25.2512-1 : Valuation of property ; in general. The value of the property... | |
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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. 
