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DAVID BOWES takes a further look at the share valuation issues raised by Mike Thexton in his article 'Damn the torpedoes'
KEY POINTS
- SAV do make calculations of cost effectiveness when considering cases.
- Open markets are rarely if ever actually encountered.
- Minority versus whole company values often confuse taxpayers.
- The dangers of 'having a go' with insufficient knowledge?
Mike Thexton raises a number of issues in recounting his far from unusual dealings with Shares and Assets Valuation (SAV). The case study highlights a number of areas which commonly cause problems.
For example many clients like the company in Mr Thexton's case study are careless about retaining records and relevant papers despite the high probability that they will be required in the future.
In the almost inevitable turmoil associated with a company sale the directors' focus will probably not be on the minutiae of the consequential tax implications so the adviser needs to...
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