Section 72Part 2 — The Financial Reporting Authority
Value: the basic rule
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Subject to sections 73 and 74 , for the purposes of this Act the value of property (other than cash) in relation to any person holding the property —
where any other person holds an interest in the p roperty, is —
the market value of the first - mentioned person ’ s beneficial interest in the property; less
the amount required to discharge any encumbrance (other than a charging order under section 12 of the prior Law on that interest ) ; and
in any other case, its market value.