Key updates to the IPEV Guidelines: What fund managers need to know for 2026
ArticleExplore the key updates to the 2026 IPEV Guidelines, which clarifies guidance on complex capital structures, debt valuation, convertible instruments and more.
Valuation is an iterative process, but it's often time pressured. Ongoing communication is essential. Whether you're an owner-managed business or a multi-billion-pound company, you need timely, robust, and pragmatic advice that helps you understand the value that HMRC might place on your assets.
Robust and pragmatic advice on a range of incentives, including sweet equity, share options, growth shares, and carried interest.
Timely and concise views on the value of equity incentives at portfolio company and fund level.
Highly experienced valuers that regularly negotiate and agree valuations with HMRC.
You can receive valuations on all taxes: including income tax (including PAYE), corporation tax, capital gains tax, inheritance tax, stamp duty, and tax charges arising outside the UK.
Our experienced team, which includes former HMRC-valuers, has a strong track recording of agreeing valuations with tax authorities, and undertakes more than 100 tax valuations annually, advising on deals with an aggregate value of over £5 billion in the last year.
Explore the key updates to the 2026 IPEV Guidelines, which clarifies guidance on complex capital structures, debt valuation, convertible instruments and more.
Find out what the FCA’s recent review of valuation processes for private market assets means for pension schemes.