(1) Subject to this section, in the Capital Gains Tax Acts, "market value", in relation to any assets, means the price which those assets might reasonably be expected to fetch on a sale in the open market.
(2) In estimating the market value of any assets, no reduction shall be made in the estimate on account of the estimate being made on the assumption that the whole of the assets is to be placed on the market at the same time.
(a) The market value of shares or securities quoted on a stock exchange in the State or in the United Kingdom shall, except where in consequence of special circumstances the prices quoted are by themselves not a proper measure of market value, be as follows -
(i) in relation to shares or securities listed in the Stock Exchange Official List-Irish -
(I) the price shown in that list at which bargains in the shares or securities were last recorded (the previous price), or
(II) where bargains other than bargains done at special prices were recorded in that list
…