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Practical Share Valuation

Autor Nigel Eastaway, Diane Elliott, Shân Kennedy, Chris Blundell, Cameron Cook
en Limba Engleză Paperback – 29 noi 2014
Practical Share Valuation, Sixth Editionhelps 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 resourcesA rich source of easily accessible information, it supplies 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 onwardsDrawing 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 includeTower M Cashback LLP v HMRC,Parties of the Vaccine Research Ltd Partnership & Anor v HMRCandIliffe News & Media Ltd & Ors v RCC.New content to keep you one step aheadThe 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 6A fresh look for 2014For the first time,Practical Share Valuationadopts 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.Previous edition ISBN: 9781845922320
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Specificații

ISBN-13: 9781780435510
ISBN-10: 1780435517
Pagini: 872
Dimensiuni: 156 x 248 mm
Greutate: 0 kg
Ediția:Revised
Editura: Bloomsbury Publishing
Colecția Bloomsbury Professional
Locul publicării:London, United Kingdom

Caracteristici

Up-to-date to the Finance Act 2014 as well as other key regulatory and legislative changes

Notă biografică

Nigel Eastaway OBE is a Tax Partner at MacIntyre Hudson. He is an expert on share valuations, forensic matters and the taxation of intellectual property and has acted as an expert witness on a number of well known cases.Diane Elliott is a director in the share and business valuations team at BDO.

Cuprins

Contents: DIVISION A MAIN NARRATIVE;Chapter 1 Introduction; Chapter 2 General principles; Chapter 3 Open market value; Chapter 4 Fair value; Chapter 5 Relevant factors; Chapter 6 The required yield; Chapter 7 Asset-related valuations; Chapter 8 The foreign influence; Chapter 9 Capital gains tax, corporation tax on chargeable gains, stamp duty, stamp duty and income tax; Chapter 10 Inheritance tax; Chapter 11 Valuation approaches; Chapter 12 Other methods of valuation; Chapter 13 The influence of the London Stock Exchange; Chapter 14 The real market for shares and valuation for specific purposes; Chapter 15 Published data; Chapter 16 Unpublished information and company records; Chapter 17 Valuation of intellectual property and other intangibles; Chapter 18 HMRC Shares and Assets Valuation Section; Chapter 19 Valuation reports;Chapter 20 Fair value for financial reporting purposes; Chapter 21 Accounting for goodwill and intangible assets arising on an acquisition; Chapter 22 Accounting for equity awards to employees; Chapter 23 Valuation in Matrimonial Proceedings.DIVISION B VALUATION EXAMPLES:Example 1 Mock valuation report in Re Lynall, Lynall v IRC; Example 2 Mock valuation report in Re Holt; Example 3 Sparkco Ltd - fair value; Example 4 Diplodocus Ltd - valuation of deferred shares at 13 April 2014;Example 5 Salamander Marketing Consultants Ltd - valuation of shares for tax purposes; Example 6 Motorco - valuation of goodwill on incorporation; Example 7 Logo Properties Limited - valuation of shares in a property company for IHT purposes; Example 8 Lavender Systems Limited - EMI valuation.DIVISION C APPENDICES: Appendix A Financial Times/Stock Exchange Actuaries Share Indices; Appendix B Financial Times Actuaries Equity Indices - at 31 March 1982; Appendix C Financial Times Actuaries Share Indices and their constituents; Appendix D Relevant estate duty and other obsolete legislation; Appendix E RICS Valuations Standards: VPGA 3, VPGA 4 and VPGA 6 (January 2014);Appendix F International Private Equity and Venture Capital (IPEV) Valuation Guidelines - Chapter 3; Appendix G Civil Procedure Rules Part 35 - Experts and Assessors; Appendix H Parry's Valuation Tables - Present value of one pound; Appendix I Parry's Valuation Tables - Years' purchase or present value of one pound;Appendix J Useful websites.