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Valuation of house for probate.

  • 02-11-2010 5:35pm
    #1
    df1985
    Registered Users, Registered Users 2 Posts: 4,432 ✭✭✭


    Very simple question: Do i need to get an official valuation from an estate agent or can i simply give my own valuation based on similar homes in the area?? obviously id like to keep the valuation as low as possible but is there a chance the revenue could deem a valuation unrealistic if i submitted a low one myself?

    Can i just tell the solcitor the house is worth x amount of euro or do i need som e sort of official statement from an estate agent?


Comments

  • #2
    mathepac
    Banned (with Prison Access) Posts: 4,991 ✭✭✭mathepac


    Are you an executor? If you are you might want to educate yourself on your responsibilities and the consequences of underpaying taxes / duties due to the Revenue from the estate or the beneficiaries.

    You will need a written valuation report from a auctioneer-valuer / estate agent.


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