Apparent consideration rules for immovable property clarify lease premium, rent and discounted future payments, and fair market value definitions. Amendments to section 269A redefine apparent consideration for immovable property-specifying treatment of premium, rent and service components in leases and deeming deferred payments to be the discounted value as on the date of transfer; prescribe valuation where consideration is money or things; redefine fair market value for sale, exchange and lease; expand immovable property to include certain rights; include registered statements as instrument of transfer; and broaden the meaning of transfer to cover specified leases and other means of transferring or enabling enjoyment of property.
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Apparent consideration rules for immovable property clarify lease premium, rent and discounted future payments, and fair market value definitions.
Amendments to section 269A redefine apparent consideration for immovable property-specifying treatment of premium, rent and service components in leases and deeming deferred payments to be the discounted value as on the date of transfer; prescribe valuation where consideration is money or things; redefine fair market value for sale, exchange and lease; expand immovable property to include certain rights; include registered statements as instrument of transfer; and broaden the meaning of transfer to cover specified leases and other means of transferring or enabling enjoyment of property.
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