alleryStart learning →The value of a supply is the transaction value, which is
Athe market price on the day of supply
Bthe cost of production plus fixed margin
Cthe average of recent comparable sales
Dthe price actually paid or payable
Answer & Solution
Correct answer: D. the price actually paid or payable
Section 15(1) adopts the price actually paid or payable where parties are unrelated and price is the sole consideration.
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