Abstract:
This paper examines and compares valuation techniques applied by accountants in commercial contexts to those used by courts in litigation concerned with the division of property under s 11 of the Property (Relationships) Act 1976 (the P(R)A). The valuation of goodwill, a particular type of property, is the focus of the comparison. This paper demonstrates how the P(R)A and its policy affect the application of accounting valuation methods in disputes similar to Z v Z (No 2).