98. Value of business.

Please note that AI-generated content should not be considered legal advice. Users are encouraged to consult with qualified professionals or legal advisors where specific legal guidance is required.

We are committed to transparency and responsible use of AI in a way that supports, but never replaces, human expertise.

If you have any questions or concerns about the use of AI on our platform, please feel free to contact us.

Capital Acquisitions Tax Consolidation Act 2003 (No. 1)
Part 10 Reliefs (ss. 89-107)
Chapter 2 Business relief (ss. 90-102)
98. Value of business.

Previous Next

Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 21 February 2003 - onwards

For the purposes of this Chapter -

(a) the value of a business or of an interest in a business is taken to be its net value,

(b) subject to paragraph (c), the net value of a business shall be taken to be the market value of the assets used in the business (including goodwill) reduced by the aggregate market value of any liabilities incurred for the purposes of the business,

(c) in ascertaining the net value of an interest in a business, no regard is had to assets or liabilities other than those by reference to which the net value of the entire business would fall to be ascertained.

Previous Next

Log in

Username

Password

Remember me

Request a trial

The best way to experience Better Regulation is to try it - free and without obligation.

Take a trial