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How are shares of private corporations valued for the purpose of income tax?

Personal Finance & Money Asked on January 6, 2022

If somebody gives me stock in a private corporation, how is that gift valued for the purposes of income tax? Assume the stock is unlisted and has no publicly tradable value.

I know that all stocks have a “par value” but usually for a private corporation that par value is nominal.

One Answer

The book value of a company is approximately the shareholder's equity from the balance sheet.

Answered by S Spring on January 6, 2022

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