Valuation of Assets
24.60. The Committee has given consideration to the methods currently used in Australia in valuing assets for estate and gift tax purposes, and in Appendix A to this chapter rules are suggested for valuing particular assets. Section 16A of the Estate Duty Assessment Act (which contains provisions relating to the valuation of shares) should be repealed. It should be replaced by a provision enabling a person valuing shares in a company to take into account, in an appropriate case, the net value of the assets of the company on the date at which the valuation is made.