You may be required by the Administration of Estates Act, 1965 (Act No. 66 of 1965, or the Estate Duty Act, 1955 (Act 45 of 1955) to submit a valuation report in order to wind up a deceased estate.

Corporate Valuations are experts when it comes to the preparation of valuation reports for deceased estate purposes. Not only will we collect the property specific information as required, but we will also compile a detailed and comprehensive valuation report in order to complete the required estate duty SARS REV246 form. Part B of the SARS Rev 246 form specifically requires a valuer to complete the form.

All fixed property valuation reports are completed by valuers registered with the South African Council for the Property Valuers Profession (SACPVP) in terms of Section 2 of The Property Valuers Profession Act, 2000.

Movable and immovable assets, usually property, furniture and vehicles are valued at the current market value. The effective dates of the valuations are at the deceased’s date of death. For this purpose, we suggest that you supply Corporate Valuations with a death certificate.

As professional valuers we complete Part B, Part C or Part D of the SARS REV246 as required.

Corporate Valuations do valuations for deceased estate purposes on behalf of attorneys, trust & estate administrator’s or any person appointed as executor of the deceased estate.

Our valuation reports are accepted by SARS and by the Master of the High Court for the valuation of immovable property in accordance with the Estate Duty Act, 1955 (Act 45 of 1955). As registered valuers we will also complete the SARS REV 246 form as stipulated above.

Asset valuation and car valuation for deceased estate purposes. We understand that deceased estates can be cash strapped with limited resources. If we value the dwelling, we can assist with the valuation of immovable house content and vehicles.

In order to quote, we will require a detailed inventory of assets and vehicles. Only items listed on the inventory will be quoted for and valued. Please note: All the movable assets and vehicles must be at the same address as the immovable assets.