New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 900 - INTEREST AND DIVIDENDS TAX
Part Rev 901 - DEFINITIONS
Section Rev 901.11 - Fair market value
Universal Citation: NH Admin Rules Rev 901.11
Current through Register No. 12, March 21, 2024
"Fair market value" means the price property would command if:
(a) Sold by a seller who is willing, but not compelled, to sell; and
(b) Purchased by a purchaser who is willing, but not compelled, to purchase.
#4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; renumbered by #9658 (from Rev 901.10 ); renumbered by #9843 (from Rev 901.12 ) (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12 (from Rev 901.10 )
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