Deemed consideration for unquoted share transfers treats prescribed fair market value as sale consideration, subject to prescribed exceptions. A deeming provision treats the prescribed fair market value as the full value of consideration for capital gains purposes when consideration for transfer ... Summary
Deemed consideration for unquoted share transfers treats prescribed fair market value as sale consideration, subject to prescribed exceptions.
A deeming provision treats the prescribed fair market value as the full value of consideration for capital gains purposes when consideration for transfer of a share other than a quoted share is less than that prescribed fair market value; applicability is subject to classes of persons and conditions as may be prescribed, and a quoted share is defined by regular quotation on a recognised stock exchange reflecting ordinary-course transactions.
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