Hi
I have a client who wishes to include in his accounts the valuation of the brands of the business.
Does anyone have any experience of doing this? We do not provide an audit but need to assist in valuing the brand.
Are HMR&C inspections common as a result of this?
Any feedback would be appreciated.
Regards
LAF
Replies (1)
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Internally generated?
If these are brands that have been internally generated then unless there is a readily ascertainable market value, which I suspect there isn't, you cannot recognise the value on the balance sheet.
There may be other reasons to obtain a valuation such as using the asset as security or preparing the business for sale. Can't make a specific recommendation for that but I do know it won't be cheap.