Fair market value deemed full consideration when transfer consideration is unascertainable, guiding capital gains computation. Where consideration from transfer of a capital asset is not ascertainable, the fair market value of the asset on the date of transfer shall be deemed to ... Summary
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Fair market value deemed full consideration when transfer consideration is unascertainable, guiding capital gains computation.
Where consideration from transfer of a capital asset is not ascertainable, the fair market value of the asset on the date of transfer shall be deemed to be the full value of consideration for computing income chargeable as capital gains.
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