How to handle tax valuations

Among the most common transactions that have a tax implication for individuals and companies many involve an element of valuation. Whether a company is restructuring or issuing incentives to management a business is incorporating or an owner manager is seeking to pass assets to the next generation the value of the assets being disposed of or acquired need to be identified.

For listed assets such as quoted shares data sources are readily available. The Financial Times and the London Stock Exchange (among others) provide both historical and current share price information. However for unquoted companies and unincorporated businesses a valuation of the relevant asset must be undertaken in order...