Fair Market Value

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Fair Market Value

The amount for which real property or Personal Property would be sold in a voluntary transaction between a buyer and seller, neither of whom is under any obligation to buy or sell.

The customary test of fair market value in real estate transactions is the price that a buyer is willing, but is not under any duty, to pay for a particular property to an owner who is willing, but not obligated, to sell.

Various factors can have an effect on the fair market value of real estate, including the uses to which the property has been adapted and the demand for similar property.

Fair market value can also be referred to as fair cash value or fair value.

fair market value

n. the amount for which property would sell on the open market if put up for sale. This is distinguished from "replacement value," which is the cost of duplicating the property. Real estate appraisers will use "comparable" sales of similar property in the area to determine market value, adding or deducting amounts based on differences in quality and size of the property. (See: market value, appraiser)

References in periodicals archive ?

FMV is a wholesale development bank which structures general obligation loans to supervised financial institutions.

Fitch Affirms Fondo Mivivienda's IDR at 'BBB+'; Outlook Stable

Saab said it is a longstanding supplier to FMV and has provided underwater solutions for weapon systems, sensors, autonomous and remotely operated underwater vehicles and mine hunting.

Saab announces USD1.53bn order from FMV for development and production of New Lightweight Torpedo system

"Our FMV calculator has been configured to operate seamlessly within RADS, and embedded in operational workflows.

New system of checks and balances what doc' ordered

Father's tax basis is $90,000, and the properly has a FMV of $30,000.

Below-market sales to family members: part gift--part sale preferable to IRC section 267 treatment

Distribution of an appreciated asset to a shareholder is treated at the corporate level as if it had been sold to her at its FMV. This can cause other shareholders to report gain from the transaction.

CaseStudy: distributing property to S corporation shareholders

The remainder of the tactical FMV training develops the supporting range of skills/tasks that will enable/enhance FMV PED operational support such as, learning FMV acronyms, terms, and brevity code; using proper chat/communication etiquette; providing accurate coordinates; producing timely, legible graphics, and applying appropriate report writing/briefing methods.

Startup of the GEOINT Foundry Tactical FMV production course

In situations where the FMV of the property exchanged equals the FMV of the annuity contract received, the investment in the contract equals the FMV of the property exchanged for the contract.

Private annuities: proposed regulations would negate income tax benefits

This distortion makes the FMV method more attractive to taxpayers that acquire overseas assets.

Section 861: adoption of alternative tax book value method for depreciation expense: September 17, 2004

If an employee gives ISO stock before the holding period has expired, he or she must recognize compensation income for the excess of the stock's FMV over its exercise price.

Income tax consequences of certain gift transactions: some transfers may result in income or gain to the donor

Using the market approach to determine the FMV of XYZ's backlog, the following formula is applicable:

Determining foundry market value means everything has a price

On the date the call option is issued, its strike price is not substantially below the S stock's FMV. Thus, the initial issuance of the options does not create a second class of stock, because the option has a strike price of at least 90% of the stock's FMV on that date.

S stock call options as a second class of stock

Under the proprietary view, 75% of the subsidiary's NBV, FMV increment, and goodwill is allocated to the parent.

Understanding consolidation: a comparison of the proprietary, parent, entity, and IASB views

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