If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

valuation on property for probate purposes

newtogame · 2010-03-29 12:59:04

My father died last year and my sister and her husband are executors of his will.The valuations by 2 valuers are quite different and the other family members think we should get a 3rd valuation.The property is quite unique and would be difficult to value.Our worry is that if it acheives a higher price we will be liable to…

Options

29-03-2010 1:59pm

#1

newtogame

Closed Accounts Posts: 34 ✭

Join Date: January 2008

Posts: 29

My father died last year and my sister and her husband are executors of his will.The valuations by 2 valuers are quite different and the other family members think we should get a 3rd valuation.The property is quite unique and would be difficult to value.Our worry is that if it acheives a higher price we will be liable to CGT.As there are squabbles communication is non existent between executors and rest of family.

0

Comments

Options
#2 30-03-2010 2:01pm
dlambirl

Registered Users Posts: 2,062 ✭✭✭

Join Date: October 2007

Posts: 1871

Valuers sometimes value probate properties lower - for tax purposes but this can cause troubles later on if the property is being sold or if there are any troubles with the will.

0