Statute
Section 118 — Finance Act 2003: Meaning of “market value”
Text of the provision Official document
Meaning of “market value” 118 1 For the purposes of this Part “ market value ” shall be determined as for the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12) (see sections 272 to 274 of that Act).
2 This is subject to paragraphs 7(7) and 17(7) of Schedule 7A (which define “market value” for certain purposes of PAIF seeding relief and co-ownership scheme seeding relief).
Official source: legislation.gov.uk
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