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Limited company valuation to buy shares off of partner

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    #21
    FWIW I needed to get valuation for CGT purposes many years ago now just like the OP. In fact my original accountant neglected to do this or even mention CGT to me which is one of the reasons I got a new accountant!

    I paid a relatively small fee for a company valuation, which my accountant sub-contracted to a specialist. The calculation was not complex but was not merely based on the company net assets.

    Being able to show you've done due diligence with regard to valuing your company for CGT purposes makes it much easier to defend the valuation to HMRC if they ever enquire.

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      #22
      CG34

      It would also be good to point out that any valuation can be verified with HMRC (post transaction) using CG34, although this would bring the transaction to their attention but this shouldn't be an issue if there is a genuine transaction occurring with nothing to hide.

      Martin
      Contratax Ltd

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