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For the purposes of this Chapter—
(a)the value of a business or of an interest in a business shall be taken to be its net value ;
(b)the net value of a business is the value of the assets used in the business (including goodwill)-, reduced by the aggregate amount of any liabilities" incurred for the purposes of the business ;
(c)in ascertaining the net value of an interest in a business, no regard shall be had to assets or liabilities other than those by reference to which the net value of the entire business would fall to be ascertained.
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