¶500-120 SDRT: principal charge: valuation of consideration in unquoted shares and securities
Under FA 1986, s. 86(7), for the purposes of the principal charge, the value of any consideration not consisting of money is taken to be the price that it might reasonably be expected to fetch on a sale in the open market.
As no further guidance is given as to how to determine that value or price, in practice one must fall back on general principles.
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