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 couples separate and a business is part of the asset pool, determining the value of that business becomes a critical part of the property settlement process. In Family Court matters, business valuations are not simply theoretical calculations. They influence financial settlements, asset division, and sometimes the long term financial security of both parties. Australian courts recognise several accepted methodologies when valuing a business in family law disputes. These