by admin | 6 Jun, 2016 | Share Valuation for UK Tax Purposes
Fair value provisions in articles of association A company’s Articles of Association often require shares to be valued “at fair value” variously by its auditor, an expert or someone recommended by the President of the Institute of Chartered Accountants in England...
by admin | 6 May, 2016 | News
HMRC and trade related properties Owners of trade-related properties (“TRPs”) face a particularly difficult task in persuading HMRC that there is any goodwill attaching to a TRP on incorporation (see previous Newsdesk item “Goodwill to all men – part 1?” for a general...
by admin | 6 Feb, 2016 | Share Valuation for UK Tax Purposes
SAV’s valuation resources are being severely stretched and the decision has been taken to withdraw the valuation check service that it has previously offered on an informal basis, for the purposes of PAYE Health Checks and ITEPA Post Transaction Valuation Checks. Both...
by admin | 6 Dec, 2015 | Share Valuation for UK Tax Purposes
Negotiating with HMRC The shares are valued, the tax return filed, job done? Not quite. The most exhausting, stressful and time-consuming phase of transactions involving shares in an unquoted company or the goodwill in an unincorporated business may be about to begin,...
by admin | 6 Nov, 2015 | Share Valuation for Commercial Purposes
The mysteries of share valuation revealed There can be many reasons why company owners may wish to obtain an opinion of the current value of their own shareholdings or of the company as a whole. Perhaps an unsolicited approach to purchase the company has been made. A...
by admin | 6 Oct, 2015 | Share Valuation for UK Tax Purposes
Advice from the horse’s mouth In a recent article for Tax Adviser magazine, Assistant Director at SAV, Mike Fowler made some suggestions as to how taxpayers could make the experience of agreeing a share, goodwill or other intangible asset valuation with SAV, if...
by admin | 6 Sep, 2015 | News
Goodwill – what is it and who owns it? What is it?
When a company changes hands, the price paid consists of two basic elements: the net book value of its assets (“NBV”) and the premium over its NBV the purchaser is willing to pay to secure its business, often known...
by admin | 6 Aug, 2015 | Share Valuation for Commercial Purposes
Quasi-partnership rules Does a minority shareholder have a proportionate share in a company’s value? Rarely (as our earlier Newdesk item Fair shares for all or in the minority – part1 explained) but there is an exception which proves the rule. If the rights of a...
by admin | 6 Aug, 2015 | Litigation Support Disputes & Mediation
The role of the expert witness explained The key difference between a lay witness and an expert witness is that the former can only attest to fact whereas the latter may give evidence based upon opinion gathered from knowledge and experience of a particular field or...
by admin | 6 Jul, 2015 | Share Valuation for Commercial Purposes
Valuing minority shareholdings – the basics explained Does a minority shareholder have a proportionate share in a company’s value? Rarely! The key issue with any minority shareholding valuation is the extent to which its owner is able to influence the returns he or...
