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Valuation of a car for inheritance: description of the procedure and documents

Before becoming the full owner of property left by a deceased relative, the inheritance should be accepted. To do this, within six months, the successor of the deceased citizen must contact the notary’s office with an appropriate statement, as well as prepare a certain package of documents.

The inheritance mass may consist of any movable and immovable property, cash deposits, as well as passing in the order of universal succession of debt obligations of the testator.

The succession process has its own characteristics. For example, an assessment of a car for a notary by inheritance is necessary in case of transfer of a vehicle to the deceased. The features of this procedure will be discussed. car valuation for inheritance

Car inheritance

A vehicle remaining after the death of a relative may be transferred into the ownership of one or several heirs, both by inheritance by law and by inheritance by will.

Taking ownership of the vehicle, it is worth focusing on the following important points, which may also affect the assessment of the car for the inheritance:

1. Whether debts related to the property received remain. It is worth checking whether the car is pledged, whether it has been seized, whether a loan has been paid on it, and whether there are unpaid fines and arrears of transport tax.

2. If the successor in life used the inherited car by proxy or on the basis of the right of management granted to him, it must be understood that with the death of the owner he loses any property rights until he enters into inheritance rights.

3. If at the time of the death of the testator the car was in the possession of third parties, it must be recovered. Assessment of a car for a notary by inheritance

Why do you need an auto assessment for inheritance?

Until 2006, property acquired as a result of inheritance was subject to taxation. Currently, the heirs are relieved of this burden. However, in order to issue a certificate of inheritance, a notary must know the estimated value of the car.

Do not forget that there may be several heirs. Then you have to decide on the transfer of the vehicle to the common possession of a certain circle of persons. If the heirs succeed in agreeing on whose ownership the Vehicle will directly go, other successors have the right to receive monetary compensation from the owner in the amount of their share, and for this it is necessary to know the total value of the hereditary mass.

In addition, not all assignees may be announced on time. Therefore, taking ownership of the vehicle, the person still has to make an assessment of the car for the inheritance. valuation of a car for inheritance

There is another reason for this procedure. Issuing a certificate of inheritance is a service. It is subject to state duty. Its size depends on the value of the transferred property. Consequently, a car appraisal certificate is required for inheritance.

Documents submitted to the notary office

In order to obtain a certificate of inheritance, the following papers will be required:

  • certificate of registration of the death of the testator;
  • documents confirming kinship;
  • heir's passport;
  • title documents for the vehicle and its TCP;
  • inheritance vehicle valuation report;
  • receipt of state duty;
  • copy of the will, if any.

Examination

You can get a report on the valuation of a car for a notary by inheritance in any organization licensed to carry out such activities. It does not matter if it is a limited liability company or an individual entrepreneur. The main thing in choosing an appraiser is his professional reputation. In addition, it is necessary to check whether the valuer of your choice is a member of the Self-Regulatory Association of Valuers. independent car assessment for inheritance

You should not rely on a suspiciously cheap appraiser, because there may be doubts about the reliability of the information provided by the heir, and they can be challenged by other applicants for the inheritance. It is more advisable to choose a valuation organization together with other heirs.

The appraiser must be registered and carry out its activities in the region of the country where the estate is located, in order to avoid differences in the estimated value.

If the deadlines are running out, an examination is permissible without inspection of the vehicle. In this case, the specialist will evaluate the car for the inheritance on the basis of the submitted papers, such as a title document for the car, title deed, certificate of death of the testator, an identity document of the heir. The mileage information will also be useful.

The estimated value of the car must be established at the time of the death of the testator. This requirement is due to the fact that the transfer is subject to exactly the property that the deceased owned at the time of his death. An earlier assessment made at the time of the acquisition of the car by the deceased, or a later one, is not allowed. Over time, not only market prices for similar vehicle models change, but also the general condition of the property.

If the vehicle is not new or has been in an accident, it is preferable to evaluate the car for the inheritance with its inspection. Then the specialist will be able to more accurately determine the cost, taking into account the damage. valuation of a car for inheritance

A well-made independent assessment of the car for inheritance is a guarantee of the absence of claims from other legal successors and the legality of the procedure for transferring the property of the deceased.

Expertise Report

If there is comprehensive information and free access directly to the vehicle, the procedure takes 1-3 days.

As a result, the assignee receives a document on the assessment of the value of the car for the inheritance. It is stitched and sealed with the seal of the organization and the signature of a specialist. In addition, it should contain copies of the documents submitted by the heir in relation to the object of assessment, a detailed calculation of the cost with a description of the inspection. All damage to the car detected during the inspection can be recorded in the form of photographic images, which are also filed with the report.

Where to make an assessment of the car for inheritance?

As a rule, in small towns, the question of who to turn to for such an examination does not arise. Since there is no competition. In large cities, the question of choice may be acute. The heir has the right to choose the company for the evaluation.

First of all, you need to make sure that you have permission to conduct such examinations and the corresponding qualifications of the specialist who will deal with it.

If the documentation is all right, you can additionally get acquainted with the reviews of customers who have already managed to work with the selected company. You can find them on thematic forums or get information through friends.

How much does a car pricing for an inheritance cost?

The cost of a service is determined by several factors:

  • region of expertise;
  • type of vehicle;
  • questions posed to the expert;
  • Tariffs provided by the services of the selected valuation company. how much is a car valuation for inheritance

To date, the procedure for assessing the value of the car will have to pay from one and a half to two thousand rubles.

How much do you have to pay for the inheritance?

After receiving the opinion of the appraiser, knowing the value of the estate, it is not difficult to calculate the amount of state duty.

In accordance with the current legislation, the amount of state duty payable for the right to inherit is:

  • 0.3% of the value of the abandoned inheritance, but not more than 100,000 rubles. This provision applies to such heirs as spouses, parents, children, as well as full brothers and sisters (that is, heirs of the first and second stages, who accept the inheritance by law).
  • 0.6% of the value of the abandoned inheritance, but not more than 1 000 000 rubles. This provision applies to heirs not specified in the previous paragraph (that is, all other queues inheriting by law, as well as testamentary heirs).

When paying the state fee by several heirs, the latter can be paid in shares proportionally to the parts received by them in the total hereditary mass. where to make an assessment of the car for inheritance

Final moments of car inheritance

Only after passing the procedure for accepting the inheritance and receiving a certificate in his hands, the heir gets the opportunity to register ownership of the property.

In the case of a car, the successor of the deceased will have to contact the registration authorities of the traffic police to re-register the car to a new owner.

Often, immediately after entering into inheritance rights, the successors of a deceased relative try to get rid of the acquired inheritance by selling it, preferring the proceeds from the sale to the assets.

When selling property owned for less than three years, the heir will have to pay tax at a rate of 13% of the sale value of the car, if the income from the sale exceeds 250,000 rubles.


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