valuation of Kerry Coop shares for inheritance tax purposes

[Milo67]

How are Kerry Coop shares valued for inheritance tax purposes. Are they valued at a nominal rate of €1.25 per share. This valuation was accepted by the Revenue in the past but am not sure if it is still acceptable. Thanks

 

[mf1]

If they were sold, how much would they sell for?

That will be the valuation.

mf

 

[T McGibney]

The market value of any publicly quoted share on any given valuation date is easily ascertainable. The nominal rate of that share is totally irrelevant.

 

[torblednam]

The market value of any publicly quoted share on any given valuation date is easily ascertainable. The nominal rate of that share is totally irrelevant.

I think the Co-op shares are traded in a grey market though, so not as straightforward as a quoted share? (but needless to say their value is far in excess of par, as the co-op owns X% of the plc...)

 

[Easeler]

Try the farming forum on boards.ie those co op shares were a hot topic on there for a while.

 

[major]

My farm accountant was saying that revenue were valuing them at €200 per coop share and that was about 2 years ago so he might have been in the process of preparing some kind of valuation for another client

 

[john luc]

the value of co op shares are 6.12 times the plc shares so as the plc price is about 90 at the moment would put the co op share price about 550.