Navigating Valuation Issues For Unquoted UK Companies
Webinar (invitation only)
Background: In this presentation, Graham Muir discusses navigating valuation issues for shares of unquoted UK companies. It covers determining the "market value" of shares based on tax legislation, different valuation bases like earnings, assets, share trading prices, and their precedence. Key topics include minority discounts, valuing growth shares using methodologies like intrinsic value and option pricing models, facilitating internal share markets, the difference between unrestricted and actual market values, and obtaining certainty through HMRC valuation agreements. The presentation aims to provide guidance on addressing the challenges of valuing unquoted company shares for various purposes. The presentation was debated by the panel on "Employee/Share Share Option Plans In SME Companies", at the Esop Centre’s 2024 Share Plans Symposium on 25 April.
Speaker:
Graham Muir is a Consultant in the CMS Tax Team with a 25 year track record of specialism. He advises quoted and unquoted companies on structuring, establishing and operating all forms of employee incentive scheme; and advises on employer and employee tax, company law, corporate governance and regulatory issues arising out of such schemes (whether share-based or cash-based). In addition, he advises on the taxation of employees and directors, including PAYE, National Insurance contributions and capital gains tax, and on the issues that arise out of termination of employment or office and salary sacrifice. Graham is Co-Chair of the Tax Committee of the Share Plan Lawyers Group, sits on the Share Scheme Experts Group of the Quoted Company Alliance, and also sits on the LexisNexis Tax Consulting Editorial Board.
Date
Tuesday, 16 April 2024
Time
12:45 BST
Cost
Invitation only
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Speaker(s):
-
Graham Muir
Consultant
CMS