Valuation for Tax Purposes

Valuing unlisted shares, partnerships, and complex assets requires a methodically sound approach that meets the requirements of applicable law and the practice of the tax authorities. Swiss Economics assists you in determining the taxable market value with valuations that are both economically grounded and accepted by the tax authorities.

Our services include:

  • Valuation of equity interests: Determining the value of shares, LLC interests (GmbH), or partnership interests using recognised valuation methods in accordance with Swiss tax authority practice.
  • Partnerships and sole proprietorships: Deriving appropriate values taking account of the specific legal structure and sector-specific characteristics.
  • Intangible assets and function transfers: Valuation of IP rights, customer bases, and business units, in particular in connection with intra-group restructurings and the relocation of businesses to or from Switzerland.
  • Holding and real estate companies: Application of differentiated valuation approaches in which asset and earnings components are weighted appropriately depending on the business purpose.

Transparent and comprehensible documentation is an integral part of every valuation. The key components include:

  • Determination of sustainable operating income: Adjusting historical results for extraordinary items and expenses and income of a private nature to derive the tax-relevant average profit.
  • Capitalisation rate: Applying the rates specified by the Swiss Federal Tax Administration, supplemented by reasoned deviations for specific risk profiles.
  • Value-reducing restrictions: Examining and quantifying discounts for minority interests or transfer restrictions that effectively reduce the market value of an asset.

We accompany the valuation process from the initial analysis through to the tax assessment, working in close coordination with all parties involved.

Contact

Nina Schnyder is a Senior Economist with Swiss Economics.

Matthias Hafner is a Principal with Swiss Economics.

Get to know the whole team.

Selected Projects

Swiss Economics valued a software asset for an intra-group transfer for tax purposes.

Swiss Economics reviewed an existing valuation and conducted an independent DCF and market multiples valuation of disputed assets in a shareholder dispute.