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