Valuation: who is an interested party: Regulations 8 and 15
Common examples are
- vendor and purchaser in a transaction between connected persons or a transaction which is not a bargain at arms length.
- the vendor and purchaser of a number of assets sold in a composite transaction where the price paid needs to be apportioned between the various assets.
- the joint owners of an asset where the share held by each needs to be valued at a particular date.