Saving Tax with Effective Share Valuations

Hosted by the North East England Branch
Presented by David Bowes CTA(Fellow)

In Person Event
2.00 - 5.00PM (Lunch and networking from 1.00pm)
We hope you can join us in-person at The Catalyst, 3, Helix, Science Square, Newcastle upon Tyne NE4 5TG

Pricing
CIOT/ATT/STEP Members: £50.00
CIOT/ATT/STEP Students: £50.00
Non-members: £65.00

Course content
David Bowes (Bruce Sutherland) will discuss many of the valuation issues a tax adviser is likely to come across and provide some guidance in dealing with HMRC's specialist Shares and Assets Valuation department

• Valuation legislation & relevant case law; and how the rules may differ depending upon the tax in point; 
• Market Value, Fair Market Value, or something else? 
• Information standards – what they comprise and the pros and cons from the taxpayer’s perspective; 
• HMRC breaking the information rules; 
• Moving the goalposts – significance or otherwise of transaction prices; 
• Option pricing in valuations; 
• Family investment companies and Holt v Holt; 
• Is Enterprise Value correct for uninfluential minorities? 
• Is Net Asset value still relevant for property and asset based companies? 
• Deferred Tax deductions? 
• Tax Market Value versus Articles’ provisions versus IVS 
• Dealing with SAV, including example of negotiation
  
  

Who would benefit from attending this session?
The valuation of unlisted shares is frequently crucial to the advice given to clients, affecting the tax payable by trustees and executors, the tax rationale behind any planning, as well as the commercial objectives of transactions.  Where family companies are concerned, such advice will often include assessing the values of any relevant shareholdings.  An understanding of what is often a complex exercise will assist all tax and private client advisers in ensuring that the client's interests are understood and protected such that any valuation conclusion can be robustly presented to HMRC if necessary.