Difference between fair value and market value
Questioner
Can you explain to me the difference between 'value in economic traffic' and 'market value'? Please.Lawyer
In determining the value for tax purposes, the 'economic value' is used. This is the price that a reasonable seller and a reasonable buyer would agree on after careful preparation in the event of a supposed sale. The market value of a product is the price at which it would be traded in a competitive market.Take the next step
Don't keep questions about your situation to yourself. Ask your question and get a personal answer from an experienced lawyer.
Privacy is guaranteed .
