{ "name": "Rules for valuing a data company when it is bought", "title": "Rules for valuing a data company when it is bought", "kind": "terms-board", "url": "https://datacompanyvaluation.com/datasets/data-company-valuation-law/", "csv": "https://datacompanyvaluation.com/datasets/data-company-valuation-law.csv", "markdown": "https://datacompanyvaluation.com/datasets/data-company-valuation-law/index.md", "computed_at": "2026-10-28", "license": "https://datacompanyvaluation.com/terms", "headline": "8 US, UK and IFRS rules on valuing an acquired data company, read 28 October 2026.", "quotes": [ "8 US, UK and IFRS rules on valuing an acquired data company, read 28 October 2026.", "Where it applies, by rule: United States 4 of 8, IFRS reporters 2 of 8, United Kingdom 2 of 8 (8 rules, read 28 October 2026).", "What it governs, by rule: tax relief on acquired intangibles 3 of 8, how the price is split across assets 2 of 8, valuing shares 2 of 8, fair value in the accounts 1 of 8 (8 rules, read 28 October 2026).", "How it treats data and customer lists, by rule: not stated 3 of 8, covers them as intangibles in general 2 of 8, names databases or customer lists as intangibles 2 of 8, does not address them 1 of 8 (8 rules, read 28 October 2026).", "The rule, in its words, by rule: stated 8 of 8 (8 rules, read 28 October 2026)." ], "citation": "\"Rules for valuing a data company when it is bought\", updated 2026-10-28, https://datacompanyvaluation.com/datasets/data-company-valuation-law/.", "national": { "n": 8, "unit": "rules", "documents": 8, "published_sources": 8, "named_sources": 8 }, "board": { "type": "clauses", "noun": { "one": "rule", "many": "rules" }, "document": { "one": "statute or standard page", "many": "statute and standard pages" }, "fields": [ { "id": "jurisdiction", "label": "Where it applies", "counts": { "uk": 2, "ifrs": 2, "us": 4 }, "values": [ { "value": "us", "text": "United States" }, { "value": "uk", "text": "United Kingdom" }, { "value": "ifrs", "text": "IFRS reporters" } ] }, { "id": "governs", "label": "What it governs", "counts": { "tax-amortisation": 3, "share-valuation": 2, "fair-value": 1, "price-allocation": 2 }, "values": [ { "value": "tax-amortisation", "text": "tax relief on acquired intangibles" }, { "value": "price-allocation", "text": "how the price is split across assets" }, { "value": "share-valuation", "text": "valuing shares" }, { "value": "fair-value", "text": "fair value in the accounts" } ] }, { "id": "treats_data_as", "label": "How it treats data and customer lists", "counts": { "general-intangible": 2, "not-stated": 3, "not-addressed": 1, "named-intangible": 2 }, "values": [ { "value": "named-intangible", "text": "names databases or customer lists as intangibles" }, { "value": "general-intangible", "text": "covers them as intangibles in general" }, { "value": "not-addressed", "text": "does not address them" } ] }, { "id": "clause", "label": "The rule, in its words", "counts": { "stated": 8 }, "values": [ { "value": "stated", "text": "stated" } ], "clause": true } ], "lead": { "type": "count", "field": null, "value": null, "n": 8, "of": 8, "label": "Rules on the register" }, "vendors": [ { "name": "HMRC Corporate Intangibles manual", "answers": { "jurisdiction": { "value": "uk", "text": "United Kingdom", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual", "value": "uk", "quote": "Corporation Tax and the taxation of intangible assets, remediation of contaminated land" } ] }, "governs": { "value": "tax-amortisation", "text": "tax relief on acquired intangibles", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual", "value": "tax-amortisation", "quote": "Corporation Tax and the taxation of intangible assets, remediation of contaminated land" } ] }, "treats_data_as": { "value": "general-intangible", "text": "covers them as intangibles in general", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual", "value": "general-intangible", "quote": "Corporation Tax and the taxation of intangible assets, remediation of contaminated land" } ] }, "clause": { "value": "stated", "text": "Corporation Tax and the taxation of intangible assets, remediation of contaminated land…", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual", "value": "stated", "quote": "Corporation Tax and the taxation of intangible assets, remediation of contaminated land, vaccines research relief and tax credits for research & development." } ] } } }, { "name": "HMRC Shares and Assets Valuation Manual", "answers": { "jurisdiction": { "value": "uk", "text": "United Kingdom", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual", "value": "uk", "quote": "How HM Revenue & Customs works out the value of shares and assets in unquoted companies" } ] }, "governs": { "value": "share-valuation", "text": "valuing shares", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual", "value": "share-valuation", "quote": "How HM Revenue & Customs works out the value of shares and assets in unquoted companies for Inheritance Tax and Capital Gains Tax purposes" } ] }, "treats_data_as": { "value": "not-stated", "text": "not stated", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual", "value": "not-stated", "quote": "" } ] }, "clause": { "value": "stated", "text": "How HM Revenue & Customs works out the value of shares and assets in unquoted companies…", "documents": [ { "document": "GOV.UK HMRC internal manual", "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual", "value": "stated", "quote": "How HM Revenue & Customs works out the value of shares and assets in unquoted companies for Inheritance Tax and Capital Gains Tax purposes" } ] } } }, { "name": "IFRS 13 Fair Value Measurement", "answers": { "jurisdiction": { "value": "ifrs", "text": "IFRS reporters", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-13-fair-value-measurement/", "value": "ifrs", "quote": "IFRS 13 defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements." } ] }, "governs": { "value": "fair-value", "text": "fair value in the accounts", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-13-fair-value-measurement/", "value": "fair-value", "quote": "IFRS 13 defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements." } ] }, "treats_data_as": { "value": "not-stated", "text": "not stated", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-13-fair-value-measurement/", "value": "not-stated", "quote": "" } ] }, "clause": { "value": "stated", "text": "It applies when another Standard requires or permits fair value measurements or…", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-13-fair-value-measurement/", "value": "stated", "quote": "It applies when another Standard requires or permits fair value measurements or disclosures about fair value measurements" } ] } } }, { "name": "IFRS 3 Business Combinations", "answers": { "jurisdiction": { "value": "ifrs", "text": "IFRS reporters", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "value": "ifrs", "quote": "The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition at the fair value of the consideration paid" } ] }, "governs": { "value": "price-allocation", "text": "how the price is split across assets", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "value": "price-allocation", "quote": "allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values; allocates the rest of the cost to goodwill" } ] }, "treats_data_as": { "value": "general-intangible", "text": "covers them as intangibles in general", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "value": "general-intangible", "quote": "allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values" } ] }, "clause": { "value": "stated", "text": "The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition…", "documents": [ { "document": "IFRS Foundation standard page", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "value": "stated", "quote": "The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition at the fair value of the consideration paid; allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values; allocates the rest of the cost to goodwill" } ] } } }, { "name": "Section 1060 allocation in an asset acquisition", "answers": { "jurisdiction": { "value": "us", "text": "United States", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "value": "us", "quote": "26 U.S. Code § 1060 - Special allocation rules for certain asset acquisitions" } ] }, "governs": { "value": "price-allocation", "text": "how the price is split across assets", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "value": "price-allocation", "quote": "the consideration received for such assets shall be allocated among such assets acquired in such acquisition in the same manner as amounts are allocated to assets under section 338(b)(5)" } ] }, "treats_data_as": { "value": "not-addressed", "text": "does not address them", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "value": "not-addressed", "quote": "In the case of any applicable asset acquisition, for purposes of determining both" } ] }, "clause": { "value": "stated", "text": "If in connection with an applicable asset acquisition, the transferee and transferor…", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "value": "stated", "quote": "If in connection with an applicable asset acquisition, the transferee and transferor agree in writing as to the allocation of any consideration, or as to the fair market value of any of the assets, such agreement shall be binding on both the transferee and transferor" } ] } } }, { "name": "Section 197 amortisation of acquired intangibles", "answers": { "jurisdiction": { "value": "us", "text": "United States", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/197", "value": "us", "quote": "LII U.S. Code Title 26 Subtitle A CHAPTER 1 Subchapter B PART VI § 197" } ] }, "governs": { "value": "tax-amortisation", "text": "tax relief on acquired intangibles", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/197", "value": "tax-amortisation", "quote": "by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired" } ] }, "treats_data_as": { "value": "named-intangible", "text": "names databases or customer lists as intangibles", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/197", "value": "named-intangible", "quote": "any other information base (including lists or other information with respect to current or prospective customers)" } ] }, "clause": { "value": "stated", "text": "A taxpayer shall be entitled to an amortization deduction with respect to any amortizable…", "documents": [ { "document": "US Code via LII", "url": "https://www.law.cornell.edu/uscode/text/26/197", "value": "stated", "quote": "A taxpayer shall be entitled to an amortization deduction with respect to any amortizable section 197 intangible." } ] } } }, { "name": "Section 409A reasonable valuation of private company stock", "answers": { "jurisdiction": { "value": "us", "text": "United States", "documents": [ { "document": "Code of Federal Regulations via LII", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "value": "us", "quote": "Title 26—Internal Revenue CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY" } ] }, "governs": { "value": "share-valuation", "text": "valuing shares", "documents": [ { "document": "Code of Federal Regulations via LII", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "value": "share-valuation", "quote": "the fair market value of the stock as of a valuation date means a value determined by the reasonable application of a reasonable valuation method" } ] }, "treats_data_as": { "value": "not-stated", "text": "not stated", "documents": [ { "document": "Code of Federal Regulations via LII", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "value": "not-stated", "quote": "" } ] }, "clause": { "value": "stated", "text": "the fair market value of the stock as of a valuation date means a value determined by the…", "documents": [ { "document": "Code of Federal Regulations via LII", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "value": "stated", "quote": "the fair market value of the stock as of a valuation date means a value determined by the reasonable application of a reasonable valuation method" } ] } } }, { "name": "Treasury regulation 1.197-2 on information bases", "answers": { "jurisdiction": { "value": "us", "text": "United States", "documents": [ { "document": "Code of Federal Regulations via LII", "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "value": "us", "quote": "Section 197 allows an amortization deduction for the capitalized costs of an amortizable section 197 intangible" } ] }, "governs": { "value": "tax-amortisation", "text": "tax 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"text_sha256": "1887896a0867c656c87f382ec4cca0dd73084635d8cbda1268e6df6673868864" }, { "subject": "IFRS 3 Business Combinations", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "document": "IFRS Foundation standard page", "question": "treats_data_as", "answer": "general-intangible", "answer_text": "covers them as intangibles in general", "status": "stated", "retrieved_at": "2026-10-28", "quote": "allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values", "text_sha256": "1887896a0867c656c87f382ec4cca0dd73084635d8cbda1268e6df6673868864" }, { "subject": "IFRS 3 Business Combinations", "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "document": "IFRS Foundation standard page", "question": "clause", "answer": "stated", "answer_text": "The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition…", "status": "stated", "retrieved_at": "2026-10-28", "quote": "The core principles in IFRS 3 are that an acquirer measures the cost of the acquisition at the fair value of the consideration paid; allocates that cost to the acquired identifiable assets and liabilities on the basis of their fair values; allocates the rest of the cost to goodwill", "text_sha256": "1887896a0867c656c87f382ec4cca0dd73084635d8cbda1268e6df6673868864" }, { "subject": "Section 1060 allocation in an asset acquisition", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "document": "US Code via LII", "question": "jurisdiction", "answer": "us", "answer_text": "United States", "status": "stated", "retrieved_at": "2026-10-24", "quote": "26 U.S. Code § 1060 - Special allocation rules for certain asset acquisitions", "text_sha256": "3a7197fc8ecdae4c2c83a9cb515ea005047a8839436b8390a5f9a965ac27b574" }, { "subject": "Section 1060 allocation in an asset acquisition", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "document": "US Code via LII", "question": "governs", "answer": "price-allocation", "answer_text": "how the price is split across assets", "status": "stated", "retrieved_at": "2026-10-24", "quote": "the consideration received for such assets shall be allocated among such assets acquired in such acquisition in the same manner as amounts are allocated to assets under section 338(b)(5)", "text_sha256": "3a7197fc8ecdae4c2c83a9cb515ea005047a8839436b8390a5f9a965ac27b574" }, { "subject": "Section 1060 allocation in an asset acquisition", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "document": "US Code via LII", "question": "treats_data_as", "answer": "not-addressed", "answer_text": "does not address them", "status": "stated", "retrieved_at": "2026-10-24", "quote": "In the case of any applicable asset acquisition, for purposes of determining both", "text_sha256": "3a7197fc8ecdae4c2c83a9cb515ea005047a8839436b8390a5f9a965ac27b574" }, { "subject": "Section 1060 allocation in an asset acquisition", "url": "https://www.law.cornell.edu/uscode/text/26/1060", "document": "US Code via LII", "question": "clause", "answer": "stated", "answer_text": "If in connection with an applicable asset acquisition, the transferee and transferor…", "status": "stated", "retrieved_at": "2026-10-24", "quote": "If in connection with an applicable asset acquisition, the transferee and transferor agree in writing as to the allocation of any consideration, or as to the fair market value of any of the assets, such agreement shall be binding on both the transferee and transferor", "text_sha256": "3a7197fc8ecdae4c2c83a9cb515ea005047a8839436b8390a5f9a965ac27b574" }, { "subject": "Section 197 amortisation of acquired intangibles", "url": "https://www.law.cornell.edu/uscode/text/26/197", "document": "US Code via LII", "question": "jurisdiction", "answer": "us", "answer_text": "United States", "status": "stated", "retrieved_at": "2026-10-28", "quote": "LII U.S. Code Title 26 Subtitle A CHAPTER 1 Subchapter B PART VI § 197", "text_sha256": "ff8e93f077b7e86c741c8c037d535605a39db4374c730a9fefceb7e7871eb46a" }, { "subject": "Section 197 amortisation of acquired intangibles", "url": "https://www.law.cornell.edu/uscode/text/26/197", "document": "US Code via LII", "question": "governs", "answer": "tax-amortisation", "answer_text": "tax relief on acquired intangibles", "status": "stated", "retrieved_at": "2026-10-28", "quote": "by amortizing the adjusted basis (for purposes of determining gain) of such intangible ratably over the 15-year period beginning with the month in which such intangible was acquired", "text_sha256": "ff8e93f077b7e86c741c8c037d535605a39db4374c730a9fefceb7e7871eb46a" }, { "subject": "Section 197 amortisation of acquired intangibles", "url": "https://www.law.cornell.edu/uscode/text/26/197", "document": "US Code via LII", "question": "treats_data_as", "answer": "named-intangible", "answer_text": "names databases or customer lists as intangibles", "status": "stated", "retrieved_at": "2026-10-28", "quote": "any other information base (including lists or other information with respect to current or prospective customers)", "text_sha256": "ff8e93f077b7e86c741c8c037d535605a39db4374c730a9fefceb7e7871eb46a" }, { "subject": "Section 197 amortisation of acquired intangibles", "url": "https://www.law.cornell.edu/uscode/text/26/197", "document": "US Code via LII", "question": "clause", "answer": "stated", "answer_text": "A taxpayer shall be entitled to an amortization deduction with respect to any amortizable…", "status": "stated", "retrieved_at": "2026-10-28", "quote": "A taxpayer shall be entitled to an amortization deduction with respect to any amortizable section 197 intangible.", "text_sha256": "ff8e93f077b7e86c741c8c037d535605a39db4374c730a9fefceb7e7871eb46a" }, { "subject": "Section 409A reasonable valuation of private company stock", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "document": "Code of Federal Regulations via LII", "question": "jurisdiction", "answer": "us", "answer_text": "United States", "status": "stated", "retrieved_at": "2026-10-24", "quote": "Title 26—Internal Revenue CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY", "text_sha256": "16f1a7cbf909283466903697e1deca4eaf6752da3b39f0f48db29e86e2da0dd9" }, { "subject": "Section 409A reasonable valuation of private company stock", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "document": "Code of Federal Regulations via LII", "question": "governs", "answer": "share-valuation", "answer_text": "valuing shares", "status": "stated", "retrieved_at": "2026-10-24", "quote": "the fair market value of the stock as of a valuation date means a value determined by the reasonable application of a reasonable valuation method", "text_sha256": "16f1a7cbf909283466903697e1deca4eaf6752da3b39f0f48db29e86e2da0dd9" }, { "subject": "Section 409A reasonable valuation of private company stock", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "document": "Code of Federal Regulations via LII", "question": "treats_data_as", "answer": "not-stated", "answer_text": "not stated", "status": "not-stated", "retrieved_at": "2026-10-24", "quote": "No answer on the statute or standard page, which ran to 180,106 characters when read on 2026-10-24.", "text_sha256": "16f1a7cbf909283466903697e1deca4eaf6752da3b39f0f48db29e86e2da0dd9" }, { "subject": "Section 409A reasonable valuation of private company stock", "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "document": "Code of Federal Regulations via LII", "question": "clause", "answer": "stated", "answer_text": "the fair market value of the stock as of a valuation date means a value determined by the…", "status": "stated", "retrieved_at": "2026-10-24", "quote": "the fair market value of the stock as of a valuation date means a value determined by the reasonable application of a reasonable valuation method", "text_sha256": "16f1a7cbf909283466903697e1deca4eaf6752da3b39f0f48db29e86e2da0dd9" }, { "subject": "Treasury regulation 1.197-2 on information bases", "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "document": "Code of Federal Regulations via LII", "question": "jurisdiction", "answer": "us", "answer_text": "United States", "status": "stated", "retrieved_at": "2026-10-28", "quote": "Section 197 allows an amortization deduction for the capitalized costs of an amortizable section 197 intangible", "text_sha256": "dca8f273ad01978eefc7e445e37d3397135bcefb48bbb7749280668f01d2eeb2" }, { "subject": "Treasury regulation 1.197-2 on information bases", "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "document": "Code of Federal Regulations via LII", "question": "governs", "answer": "tax-amortisation", "answer_text": "tax relief on acquired intangibles", "status": "stated", "retrieved_at": "2026-10-28", "quote": "Section 197 allows an amortization deduction for the capitalized costs of an amortizable section 197 intangible", "text_sha256": "dca8f273ad01978eefc7e445e37d3397135bcefb48bbb7749280668f01d2eeb2" }, { "subject": "Treasury regulation 1.197-2 on information bases", "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "document": "Code of Federal Regulations via LII", "question": "treats_data_as", "answer": "named-intangible", "answer_text": "names databases or customer lists as intangibles", "status": "stated", "retrieved_at": "2026-10-28", "quote": "Section 197 intangibles include any information base, including a customer-related information base.", "text_sha256": "dca8f273ad01978eefc7e445e37d3397135bcefb48bbb7749280668f01d2eeb2" }, { "subject": "Treasury regulation 1.197-2 on information bases", "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "document": "Code of Federal Regulations via LII", "question": "clause", "answer": "stated", "answer_text": "a customer-related information base is any information base that includes lists or other…", "status": "stated", "retrieved_at": "2026-10-28", "quote": "a customer-related information base is any information base that includes lists or other information with respect to current or prospective customers", "text_sha256": "dca8f273ad01978eefc7e445e37d3397135bcefb48bbb7749280668f01d2eeb2" } ], "sources": [ { "url": "https://www.law.cornell.edu/uscode/text/26/197", "label": "26 USC 197 (amortisable section 197 intangibles)", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.law.cornell.edu/cfr/text/26/1.197-2", "label": "26 CFR 1.197-2", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.law.cornell.edu/uscode/text/26/1060", "label": "26 USC 1060 (allocation in an asset acquisition)", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.law.cornell.edu/cfr/text/26/1.409A-1", "label": "26 CFR 1.409A-1 (reasonable valuation method)", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.gov.uk/hmrc-internal-manuals/shares-and-assets-valuation-manual", "label": "HMRC Shares and Assets Valuation Manual", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.gov.uk/hmrc-internal-manuals/corporate-intangibles-research-and-development-manual", "label": "HMRC Corporate Intangibles Research and Development Manual", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-13-fair-value-measurement/", "label": "IFRS 13 Fair Value Measurement", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" }, { "url": "https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/", "label": "IFRS 3 Business Combinations", "license": "cited for reporting; the publisher's own US tax law, HMRC manuals and IFRS standards", "class": "primary-government", "status": "read" } ], "methodology": "Each rule's own US tax law, HMRC manuals and IFRS standards were read through estate-fetch and stored whole (sha256 on every row). For every statute or standard page, four questions were answered from its own words: where it applies, what it governs, how it treats data and customer lists, the rule, in its words. Every stated answer carries the sentence it rests on, checked against the stored text; 'not stated' means the statute or standard page read does not address the question. A rule with several statute and standard pages reads 'varies' where they disagree. 8 rules, 8 statute and standard pages.", "embed": "
8 US, UK and IFRS rules on valuing an acquired data company, read 28 October 2026.
Rules for valuing a data company when it is bought, datacompanyvaluation.com
" }