Provides a reference point for practitioners, who may need to prepare or review a valuation of shares or intangible assets, and acts as a practical guide to the more straightforward valuations which are required for tax purposes.Practical Share Valuation combines decades of the authors' practical experience in order to provide a reference guide to the valuation of unquoted shares and intangible assets as well as a practical handbook for practitioners preparing more routine valuations for tax purposes. The book highlights the relevant case law relating to valuations and also provides a handy list of additional data sources to aid the valuer in gaining access to the comparator data and latest valuation standards available.Whether you need to prepare a valuation or review work prepared by another practitioner, this book provides a wealth of easily accessible information, hints and tips to help you navigate through the potential minefield of share valuations. The seventh edition includes the following updates:- Full analysis of new legislation proposed on bringing non-resident companies with UK taxable income and gains from the disposal of UK residential property interests within the scope of corporation tax;- Guidance on new penalties in connection with offshore matters and offshore transfers (FA 2016), for inheritance tax for transfers of value on or after 1 April 2017 and for income and CGT from April 2016, in particular a new asset-based penalty for certain offshore disclosure inaccuracies and failures;- Commentary on several well-publicised litigation battles regarding failed tax avoidance schemes, such as HMRC vs Ingenious Media and HMRC vs Rangers Football Club;- Changes to the Companies Act 2006 and new reporting requirements as a result of the transition to FRS 102 and FRS 105 (effective for accounting periods on or after 1 January 2016);- Updated guidance from HMRC Shares and Assets Valuations and International Valuation Standards 2017.

Example valuation reports are included

DIVISION A MAIN NARRATIVEChapter 1 IntroductionPART 1 CASE LAWChapter 2 General principlesChapter 3 Open market valueChapter 4 Fair valueChapter 5 Relevant factorsChapter 6 The required yieldChapter 7 Asset-related valuationsChapter 8 The foreign influencePART 2 STATUTE LAWChapter 9 Capital gains tax and corporation tax on chargeable gains, stamp duty and income taxChapter 10 Inheritance taxPART 3 VALUATION IN PRACTICEChapter 11 Valuation approachesChapter 12 Other methods of valuationChapter 13 The influence of the London Stock ExchangeChapter 14 The real market for shares and valuation for specific purposesChapter 15 Published dataChapter 16 Unpublished information and company recordsChapter 17 Valuation of intellectual property and other intangiblesChapter 18 HMRC Shares and Assets ValuationChapter 19 Valuation reportsChapter 20 Fair value for financial reporting purposesChapter 21 Accounting for goodwill and intangible assets arising on an acquisitionChapter 22 Accounting for equity awards to employeesChapter 23 Valuation in matrimonial proceedingsDIVISION B VALUATION EXAMPLESExample 1 Mock valuation report in Re Lynall, Lynall v IRCExample 2 Mock valuation report in Re HoltExample 3 Sparkco Ltd - fair valueExample 4 Diplodocus Ltd - valuation of deferred shares at 13 April 2014Example 5 Salamander Marketing Consultants Ltd - valuation of shares for tax purposesExample 6 Motorco - valuation of goodwill on incorporationExample 7 Logo Properties Limited - valuation of shares in a property company for IHT purposesExample 8 Lavender Systems Limited - EMI valuationDIVISION C APPENDICESAppendix A Financial Times/Stock Exchange Actuaries Share IndicesAppendix B Financial Times Actuaries Equity Indices (at 31 March 1982)Appendix C Financial Times Actuaries Share Indices and their constituents (for 31 March 1982 valuations)Appendix D Relevant estate duty and other obsolete legislationAppendix E RICS Valuation - Global Standards: VPGA 3, VPGA 4, VPGA 6, VPGA 7 and VPGA 10 (1 July 2017)Appendix F International Valuation Standards 2017, IPEV Guidelines (Appendix 1) and IVS 105Appendix G Practice Note: Apportioning the Price Paid for a Business Transferred as a Going ConcernAppendix H Civil Procedure Rules, Part 35 (Experts and Assessors), Practice Direction 35 and Factsheet 53Appendix I Parry's Valuation Tables - Present value of one poundAppendix J Parry's Valuation Tables - Years' purchase or present value of one poundAppendix K Summary of main relevant taxation Acts since 2014 that might affect a valuationAppendix L Useful websites