Unternehmensbewertung für Zwecke der Steuerbemessung im Spannungsfeld von Individualisierung und Kapitalmarkttheorie: Ein aktuelles Problem vor dem Hintergrund der Erbschaftsteuerreform

Hans Dirrigl

No 68, arqus Discussion Papers in Quantitative Tax Research from arqus - Arbeitskreis Quantitative Steuerlehre

Abstract: According to the requirements of the German Federal Constitutional Court a new valuation system concerning the reform of the Inheritance and Gift Tax Act has been codified in § 11 Valuation Act. This system consults methods which valuate a business as a whole in order to calculate the fair market value of shares or business property. Due to these circumstances, a business valuation for tax-based purposes poses new challenges. Furthermore, business taxation has to deal with a new field of research. The valuation system of § 11 Valuation Act is situated between individualization and orientation towards the Capital Market. However, it is shown that it is not desirable to apply the German valuation standard IDW S 1 to these valuations. The only valuation concept which appears to be suitable in such situations is a concept that allows to individualise important parameters. A concept complying with these requirements, called "Standard-Gross Rental Method", is presented in the present article. This concept is particularly appropriate for valuations for tax-based purposes as the specific characteristics of small and medium-sized enterprises (SMEs), which are usually operated by the owner, can be adequately implemented.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/30835/1/608216402.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:arqudp:68

Access Statistics for this paper

More papers in arqus Discussion Papers in Quantitative Tax Research from arqus - Arbeitskreis Quantitative Steuerlehre
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().