Adjusted net value | CLIK

You are here

Adjusted net value

According to section 52ZZZK of the VEA, for the purposes of subdivision K, the adjusted net value of an asset that is owned by:

  • an individual is 100% of the net value of the asset,
  • an entity that is a company or trust and the entity is a controlled private company or trust in relation to the individual:
  • a lower percentage if the Commission determines in writing otherwise, or

  • a business partnership—the individual's share of the net value of the asset.

The Commission must comply with any relevant decision-making principles.



There is currently no content classified with this term.