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Tangible Assets

January 2nd, 2024|Valuation Glossary|

Tangible assets are physical things that have value. They can be touched, seen, and have a physical form. Examples include buildings, land, vehicles, equipment, inventory, and cash. These assets are different from intangible assets like patents or trademarks, which don't have a physical presence. Tangible assets are important for businesses and can be bought, sold, or used as collateral for loans. Their value can change over time due to factors like wear and tear, market demand, or technological advancements.

Tax Attributes

January 2nd, 2024|Valuation Glossary|

Tax attributes refer to various financial characteristics or elements of a taxpayer that can affect their tax liability. These attributes can include items such as net operating losses, tax credits, basis in property, earnings and profits, and capital loss carryovers. Tax attributes can be used to reduce taxable income, offset taxes owed, or carry forward deductions to future tax years.

Tax Basis

January 2nd, 2024|Valuation Glossary|

Tax basis, is the value used to determine gain or loss for tax purposes when an asset is sold or disposed of. It is typically the original cost of the asset, adjusted for various factors such as improvements, depreciation, and other capital expenses.

Tax Structure

January 2nd, 2024|Valuation Glossary|

Tax structure refers to the system or framework a government uses to collect taxes from individuals and businesses. It includes the types of taxes imposed, the rates at which they are levied, and the rules and regulations governing their collection.

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