Page 22 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.
P. 22

Valuation of property







       • Valuation of property sold in liquidating the estate:



              – selling price






       • Valuation of property not sold:


              – fair market value


                      • unless farming property (bona-fide farming), then less 30%





       • Special rules:


              – Unlisted shares: Fair market value, ignore selling price


              – If a condition has been imposed on the property: Fair

                   market value, ignore condition
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