Case Study

Valuation of UK automotive plant for tax purposes

Brief

When a global tier 2 automotive manufacturer decided to relocate a manufacturing plant from the UK to central Europe, their financial advisors requested an independent valuation of the assets to estimate the tax payable upon transfer between the two locations.

Work

The assets were inspected and valued based upon comparable market evidence.

Outcome

The valuation was provided in accordance with the relevant tax jurisdictions enabling manufacturing to be relocated and parent co financial reporting and taxation to be accurately calculated.

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