Le stime di fair value secondo i criteri analitici e di mercato: il riconoscimento del tax amortization benefit

The concept of fair value is getting wider and wider relevance in many economic and business contexts. In this article the Authors investigate the terms of the inclusion of the so-called "tax amortization benefit” (TAB) in estimating the fair value of assets. Namely, after recalling the relevant national and international doctrine and practise on the matter (IVSC, PIV, etc.), the Authors (i) analytically define the concept of TAB, (ii) specify in which cases it is more proper to include this value component in the fair value estimates and (iii) provide some practical guidelines in determining the relevant drivers for the TAB calculation (i, tax rate, etc.).