Sentences with phrase «at fair market value»

In addition, the charitable deduction must be reduced by the amount of ordinary income that would have been realized if the interest had been sold at fair market value on the date contributed.

They would have been deemed to have sold the property at fair market value on their death — a so - called deemed disposition.

The deceased owner's estate receives instant liquidity at a fair market value for their business interest.

When, as is the case here, the property is completely destroyed, damages are set at the fair market value of the property prior to impairment.

One of the most challenging aspects of working with home sellers is helping them understand the necessity of pricing a home for sale at fair market value.

This will create a tax issue since you'll be deemed to have sold the place at fair market value at the time you transfer ownership.

Is that the same if the shares were originally purchased at fair market value rather than below market value?

Otherwise, if a claim is made, it will be assessed at fair market value.

Replacement value, though considerably more expensive, will allow you to easily replace your valuables at fair market value prices.

Short Sale * You may be able to sell your property at its fair market value even if the sale's proceeds are less than what is owed on your loan **.

Normally for tax purposes when property is transferred from one person to another it is done at fair market value when the transfer is made.

These steps, she said, help ensure a property is appraised at fair market value.

They can buy at fair market value based on fair market rents, but then attract higher - than - market rents through a short - term rental setup.

After 5 days or 500 miles, whichever comes first, the vehicle may be subject to an appraisal, and can be traded in at fair market value.

You're deemed to have «sold» the property on the second death at fair market value.

The court sent the case back to determine if the fees the lenders were paying were in fact set at fair market value.

The deceased owner's heir (s) receive immediate liquidity at fair market value for their business interest.

Income derived from the exchange of virtual currency for goods or services is calculated at the fair market value (in USD) of the virtual currency on the date the property was received.

After 15 days or 1,000 miles your car may be subject to an appraisal at fair market value.

All items listed in the exempt section above should be figured at fair market value and condition they are in at the time of filing.

Instead of cash, donate securities with accrued gains to get donation receipts at fair market value and avoid paying capital gains.

In my opinion, being able to buy something at its fair market value is not something I would go out of my way for.

You can sell your equipment / furniture to your corporation at fair market value and take back a due to shareholder note.

Our site gives you a simple platform to find out once and for all whether your current provider is selling you a policy at fair market value.

If she's going to sell the cottage to her children, the property needs to be sold at fair market value.

Charitable contributions of capital gains property held for more than one year are usually deductible at fair market values.

But, when Canadian residents die, they are deemed to dispose of all of their capital property at fair market value, unless the property transfers to a spouse or a spousal trust.

Sales or gifts of assets to family members generally take place at fair market value, so using an artificially low value is not a viable way to reduce or eliminate a capital gain.

Each Habitat homeowner has contributed 500 volunteer hours as part of their partnership, and will purchase their homes at Fair Market Value through Habitat's affordable mortgage, which means no down payment and no interest.

Recall, the three - judge panel held that payments for bona fide services provided and made at fair market value do not violate RESPA, reinforcing NAR's support of marketing service agreements.

The U.S. Court of Appeals for the D.C. Circuit has reinstated its prior holding that payments for bona fide services provided and made at fair market value do not violate the Real Estate Settlement Procedures Act (RESPA).

A shareholder of a PFIC may elect each year to recognize gain or loss on the shares as if they had sold the PFIC shares at fair market value.

* Residue Free Guarantee: If you use a Zoetis - branded ceftiofur product according to label indications, and experience a violative ceftiofur residue in milk or meat, Zoetis will compensate you for the beef market value of the animal or purchase the tanker of milk at fair market value.

Smart investments are made as properties are usually purchased at fair market value through competitive bidding

At this point, all the property under the surviving spouse's name is deemed to have disposed at the fair market value, triggering a capital gain.

Instead, securities usually include a so - called put option that allows investors to sell their stock back to the company at fair market value, beginning at the end of the fifth year.

Transactions between related businesses should be recorded at fair market value.

At the end of the predetermined lease term, depending upon the lease, the business owner may be able to purchase the equipment at fair market value, or a predetermined amount — sometimes for as little as $ 1.

A: When you transfer property to a related adult other than your spouse, it is considered to be a deemed disposition at fair market value (FMV) at the date of transfer.

Here at Lithia Chrysler Dodge Jeep RAM of Concord we are looking to buy your current vehicle at fair market value even if you aren't planning on buying your next car with us.

«Sellers and buyers benefit; the latter because they can acquire assets at fair market value as determined by demand on the day, and there are frequently exceptionally good deals to be found.»

And gifting the property now or in the future also happens at fair market value, resulting in a deemed sale.

Through those solutions, CEDEX enables peer - to - peer diamond exchanges between general investors at fair market value, injecting new liquidity into the market.

BMO alleges that 14 «groups» of individuals either bought or optioned houses at fair market value, then arranged for «straw buyers» to purchase them at higher prices through a BMO mortgage.