56
In forceMeaning of market value
Part VIICompensation for compulsory acquisition of interests in land
Division 2Amount of compensation–interests other than mortgage interests
56 Meaning of market value
For the purposes of this Division, the market value of an interest in land at a particular time is the amount that would have been paid for the interest if it had been sold at that time by a willing but not anxious seller to a willing but not anxious buyer.
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