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Valuations

RSM CZ now offers specific real estate valuations for investors and developers from VAT perspective

1.10.2018
When dealing with acquisitions of large properties intended for further development, we have recently received requests for expert opinions on purchase price allocations for the purposes of the VAT Act (Section 56 of Act No. 235/2004 Sb., on Value Added Tax). The valuations were related to brownfield sites in attractive locations in large cities where […]

Average multiples by sector and comparison with stock exchange data¹

12.4.2018
Do you wish to get an indicative valuation of your company? One of the options is to apply sector multiples. However, this might not be as simple as it seems. Valuation based on market comparison is one of the methods that are based on capital market analyses. This method relies on the basic valuation premise […]

We lecture at the University of Economics in Prague (VŠE)

16.3.2018
For the second time in this semester, RSM CZ&SK advisers presented lectures at the largest and the most prestigious university of economics in the Czech Republic, VŠE. Our company was first well represented by RSM Technology who introduced the students to NetSuite’s Cloud ERP System. In the next stage of the semester, they were joined […]

Do your intra-group interest rates comply with the arm’s length principle?

2.6.2017
In the context of inspections carried out by the financial administration which focus on transfer pricing, we have registered an increasing demand for examining or ensuring compliance of interest rates on related-party credits and loans with the arm’s length principle. How are the interest rates determined in such cases? The terms of loans and credits […]

Tax risks in real estate transactions, or when machinery is part of a structure

16.2.2017
The new Civil Code effective since 2014 has introduced a new rule under which fixed machinery can become part of a structure. This leaves most machinery and structure owners rather cold, but only until the property is to be sold. A real estate sale transaction gives rise to a tax obligation to pay real estate […]

Bank requirements for expert assessment related to financial assistance

18.7.2016
The recent increase in transaction activity in the market and in acquisition financing has prompted financing banks to require an assessment of fair conditions under which financial assistance is given, as laid down in Section 200(1)(a) and Section 311(a) of the Companies Act. In acquisition financing, the parent company (the buyer) very often makes use […]

High-quality expert opinion as evidence in a lawsuit

15.2.2016
In recent years, we have seen an increasing demand for expert opinions for litigation purposes. Practice has shown that a well-prepared expert opinion that the expert can defend in the proceedings constitutes a material basis for claiming damages and for the court’s decision. A major change in the practice of expert opinions prepared for lawsuits […]

Real estate value upon spin-off

20.4.2015
In connection with company restructuring, in recent years we have seen companies dividing the manufacturing activities from asset management. Real estate spin-off into a separate entity brings numerous advantages, the biggest being: more efficient company management processes and lower costs easier bank financing increased asset liquidity assets become more attractive for potential sale of the […]

Expert opinions – highly effective tool for transfer pricing defence

3.3.2015
The tax authorities have recently launched a systematic collection of information on related-party transactions. This is aimed at making audits of transfer pricing methodology (arm’s length prices charged to transactions with related parties) more efficient and extensive. In this respect, numerous questions arise as to how transfer prices should be defended and whether transfer pricing […]

Planning to restructure your business?

23.2.2015
When deciding to carry out restructuring, numerous companies choose the beginning of a new fiscal year as the date of the restructuring, that is, typically 1 January. Given that many companies are now preparing to go ahead, we wish to summarise the key milestones of company restructuring from a valuer’s point of view: when an […]