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of <h1>FMV deemed full consideration for unquoted share transfers under section 48; exclusions and conditions may apply</h1> If consideration for the transfer of a capital asset that is a share other than a quoted share is less than the fair market value determined in the prescribed manner, that determined fair market value shall be deemed to be the full value of consideration for computing capital gains under section 48. The provision may be excluded for prescribed classes of persons or subject to prescribed conditions. A 'quoted share' means a share regularly quoted on a recognised stock exchange based on current transactions in the ordinary course of business.
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