Singapore legislation
Regulation 21
Regulation 21
Value of property
For the purposes of section 67(4) of the Act, the value of property held by a person (A) that is not cash is —
(a)
where any other person holds an interest in the property —
(i)
the market value of A’s beneficial interest in the property; less(ii)the amount required to discharge any incumbrance (other than a charging order) on that interest; and
(b)
in any other case, its market value.