Revenue sets sights on value of private shares

The valuation of shares in a private company has always been a subjective matter. It has also weighed on whether you are the buyer or the seller. Revenue are now focusing on share valuations so it is more important than ever to ensure you are using the correct valuation method and assumptions when valuing shares in a private company. This applies to cases where shares pass as a result of a gift or inheritance, the transfer of shares in a family business to a connected party and could also apply to a sale of shares.