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CW 26DB: Meaning of market value
or “How to calculate market value for tax purposes”
You could also call this:

“What counts as the normal age to retire for different workers”

For section CW 26C, normal retiring age means different things for different people. If you’re an employee, it’s usually at least 60 years old. But there are some exceptions.

If you’re a woman who started working for your company before 1 April 1978, and your work contract says you can retire before 60, then your normal retiring age could be as young as 55.

Sometimes, the Commissioner might decide that your normal retiring age can be earlier than 60 or 55. This can happen if your job is special or if people in your type of work usually retire earlier. The Commissioner will look at what kind of work you do and what’s normal in your job or industry.

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Next up: CW 26F: Meaning of share

or “Defining shares for exempt employee share schemes”
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Part C Income
Exempt income

CW 26EMeaning of normal retiring age

  1. For the purposes of section CW 26C, normal retiring age means,—

  2. for an employee other than 1 to whom paragraph (b) applies, no less than 60 years of age:
    1. for a female employee who is entitled under a contract of employment entered into before 1 April 1978 with the company that employs her to retire before 60 years of age, no less than 55 years of age:
      1. for any employee, an age that is earlier than the age referred to in paragraph (a) or (b) and that the Commissioner considers reasonable given the nature of the employment or the general terms of employment in the business or occupation of the employee.

        Notes
        • Section CW 26E: inserted, on , by section 35 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).