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Revenue affidavit valuation

  • 18-04-2017 5:54pm
    #1
    Closed Accounts Posts: 891 ✭✭✭


    Hard to know where to put this one, this place seems right.

    As executor of my mother-in-law's estate I have to fill out a revenue affidavit stating value of house and contents. The house bit is easy as it is simple to have it valued. The contents, not so easy. She was 85 years old and had nothing of any great value in her house. She watched an old 14" portable TV and nothing techy beyond that. No antiques or anything like that. She had sold what jewellery she had to keep heat in her house. The stuff she had will probably go to a charity shop or a skip.

    So, the value of her belongings, for capital acquisitions tax purposes would be zero, or close to it. Will Revenue think I'm extracting the urine if I put a zero in the contents valuation section?

    None of the beneficiaries will come within an asses roar of 80% of the CAT threshold.

    Thanks for any input.


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