Gross Capital Value definition
Gross Capital Value means “Market Value” as defined by the RICS Appraisal and Valuation Standards Sixth Edition or such later version as may replace the same from time to time;
Gross Capital Value means the value of the trust property without deduction for debts, incum- brances, or funeral expenses;
Gross Capital Value means the value of the estate or trust property (excluding any annuity or other terminable payment purchased by any person in the name of, transferred to or covenanted to be paid to the public trustee for the benefit of some other person) without deduction for debts, incumbrances, funeral expenses or inheritance tax.