Companies and shareholdings
The value of an individual’s company interest is not necessarily its nominal capital or acquisition price.
Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.
The interest, not a second count of company assets
Section 12 would govern calculated shareholding values. The same economic value should not be counted again separately for the owner: section 1 prohibits double counting.
Traded and untraded interests
For traded interests, section 12 contains market-price rules. For untraded interests, Annex I would use equity and earnings value as a starting point. Holding structures, hidden reserves and special contractual rights could affect the valuation work.
Ownership and financial records
Ownership shares, associated rights and financial data need to be assessed together.
- financial statements for the last three completed years
- constitutional documents, ownership records and shareholder agreements
- group structure, property and investment registers
- options, restrictions and shareholder loans
Frequently asked questions
Would nominal capital determine the share value?
Not necessarily. Section 12 and Annex I would prescribe a calculated value that may include equity and earnings value.
Would company assets be added again?
Section 1 prohibits counting the same economic value twice. Shareholdings and separately owned personal assets would require coordinated classification.
Open draft (Hungarian)