Valuation of shares and securities
Guidance on valuation generally can be found at CG16200+.
Guidance on the valuation of the land can be found at CG74000+.
This guidance deals with two topics.
- The definition of market value.
- The procedure for checking market value.
The market value of quoted shares and securities is based upon a formula which uses stock exchange prices. You can usually accept the market value provided for quoted shares and securities. If it is necessary to check a value you can either use Interactive Data (formerly Extel), Shares and Assets Valuation (SAV) subscribe to the service. For detailed guidance see CG59510+.
The market value of unquoted shares and securities relies on the ordinary rules of TCGA92/S272 (1), see CG16330+. SAV ARE RESPONSIBLE FOR ALL VALUATIONS OF UNQUOTED SHARES. For detailed guidance see CG59540+.
See CG50260-CG50281 and CG50278 for guidance on how to identify whether shares are quoted or unquoted.