Practical Share Valuation, Sixth Edition helps practitioners to understand and tackle the issues involved in preparing and reviewing a valuation of unquoted shares or intangible assets. Whether the valuation is being undertaken for commercial, fiscal or matrimonial reasons, or as part of the more routine assessments required for tax purposes, this book contains the necessary guidance. Packed full of practical resources A rich source of easily accessible information, it contains hints and tips for navigating the potential minefield of share valuations. Discussion of the various methods of analysis and the influence of the Stock Exchange is complemented by example valuation reports. Advice on using the International Private Equity and Venture Capital Valuation Guidelines, the standards issued by the International Valuation Standards Council and the RICS Valuation Standards is also provided. Major cases from 2009 onwards Drawing on a wealth of case law, the expert authors examine the valuation principles that have emerged from decided cases concerning the valuation of shares, partnership goodwill, land and intellectual property since the previous edition was published. Noteworthy cases include Tower M Cashback LLP v HMRC , P arties of the Vaccine Research Ltd Partnership & Anor v HMRC and Iliffe News & Media Ltd & Ors v RCC . New content to keep you one step ahead The sixth edition has been comprehensively updated throughout and offers detailed coverage of:.

Legislative changes such as Finance Act 2014 and Companies Act 2006. Revisions to the HMRC Shares and Assets Valuation Manual. The OECD report on the transfer pricing of intangibles. Changes to IFRS and the upcoming move to FRS 102. RICS Valuation Standards VPGA 3, VPGA 4 and VPGA 6 A fresh look for 2014 For the first time, Practical Share Valuation adopts our trademark user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. 'Pitfalls' are clearly marked in the text, quickly alerting you to areas which may trap the unwary. Who should buy this book? Combining decades of the authors' first-hand experience, Practical Share Valuation is an invaluable reference guide for valuation practitioners, tax practitioners, lawyers, accountants and pensions advisers who are involved in any aspect of the valuation process.Contents:Introduction;PART 1 CASE LAW: 2 General principles; 3 Open market value; 4 Fair value; 5 Relevant factors; 6 The required yield; 7 Asset related valuations; 8 The foreign influence;PART 2 STATUTE LAW ; 9 Capital gains tax, corporation tax on chargeable gains, stamp duty, stamp duty land tax and income tax; 10 Inheritance tax;PART 3 VALUATION IN PRACTICE: 11 Methods of analysis; 12 The influence of the Stock Exchange; 13 Discounted cash flow and other methods of valuation; 14 The real market for shares and valuation for specific purposes; 15 Published data; 16 Unpublished information and company records; 17 Valuation of intellectual property and other intangibles; 18 HMRC Shares and Assets Valuation Section; 19 Valuation reports; 20 Share and Share Option Valuations for Financial Reporting Purposes; 21 Valuation in Matrimonial Proceedings.

Previous edition ISBN: 9781845922320.