OT30370 - Capital Gains

Valuation of Oil Assets (including shares). 31 March 1982. Unquoted Shares.

During a meeting in May 1992, a senior valuer from Shares Valuation gave the following general advice on valuations based on his long experience:

1. All information is deemed to be available to the hypothetical purchaser including management information projections and accounts. While minority interest buyers normally have more restricted access, this will not apply if the value of the interest is high.
2. Submitted valuations are often pitched at such a figure that the taxpayer achieves the result he desires even with a halfway compromise. This pointer obviously has significance for valuations other than unquoted shares.