When a marriage or de facto relationship breaks down, dividing assets can quickly become complex. This is especially true when one or both parties own a business. Determining what that business is worth is rarely straightforward. A key issue is not only how the business is valued, but what definition of value is being used . This is where IVS 102 Bases of Value becomes important. The International Valuation Standards explain that the “basis of value” sets the foundation for

When a relationship breaks down and a family law property settlement begins, one of the most contested issues is often the value of a business. For many families, a business represents a significant portion of the marital asset pool. If the valuation is unclear, incomplete, or poorly documented, it can quickly become a source of dispute between the parties. This is where professional valuation standards become critically important. One of the most important international stan