Valuing a car for inheritance is a series of events related to the transfer of certain property into the ownership of legal successors. In order to carry out these actions, it is necessary to collect the necessary package of documents; experts must draw up a car valuation report for inheritance. This is a complex process that should be handled by professionals.
Why do you need to value a car for inheritance?
The main reason for registering a car valuation for an inheritance is the tax levy (state duty). It is necessary to take into account that relatives of the first and second degrees of kinship pay only 0.3% (no more than one hundred thousand rubles) of the value of certain property. These categories include:
- spouse;
- children;
- parents;
- sisters, brothers;
- grandparents.
If we talk about more distant relatives or individuals who do not have such connections, the estimated cost of a car for inheritance for them will be 0.6% (but not more than a million rubles).
In practice, everything is simple: the lower the expert indicator of the car specified in the will, the cheaper it costs a person to pay the state duty.
A car valuation is necessary to register ownership through the court. To determine the exact price of the state fee in the statement of claim, it is necessary to make an expert assessment.
There may also be multiple claimants to the property. The car cannot be divided; an appraisal of the car is necessary to pay a clear amount to one of the rivals.
The procedure for registering a car as an inheritance
When entering into inheritance rights in relation to a car, heirs must go through the following steps:
- Contact a notary with an application and a set of documentation.
- Conduct a vehicle assessment procedure.
- Provide the notary with an official report on the assessment of the market value of the car.
- Pay the state fee calculated based on the notary's assessment.
- Obtain a certificate of inheritance , which serves as the basis for re-registering the car as your property.
- Contact the traffic police to register the car in your name.
The rules by which a car is inherited (according to the law or by will) may change the circle of heirs, but the procedure itself will remain generally unchanged.
In 2006, the inheritance tax was abolished. But in essence, it was replaced by a state duty for issuing a certificate of inheritance. Its determination is based on the estimated value of a car or other property.
That is why, in addition to a certain list of documents that confirm the rights to inherit a car, it is necessary to provide an official conclusion on the assessment of the market value of the car.
All heirs must pay the state duty, regardless of their relationship to the testator, so everyone must take care of ordering a market valuation. Only certain categories of citizens are recognized as beneficiaries and are exempt from state duties on inheritance. Among them:
- incapacitated persons;
- minors;
- Heroes of the USSR, Russian Federation, WWII veterans.
These categories of citizens, upon presentation of appropriate documentation, can avoid the assessment procedure.
You need to go through the car evaluation procedure regardless of how the car was received by the testator (for example, it could have been given to him as a gift under preferential government programs).
When determining the state duty, the following formula is applied depending on the category of heirs:
- 0.3% of the estimated value of the car for the circle of immediate relatives , but not more than 100 thousand rubles;
- 0.6% - for other categories , but within 1 million rubles.
Calculation example. The son inherited his father’s car with a market value of 300 thousand rubles. He is the closest relative of the testator and can count on a benefit when calculating state duty in the form of a reduced rate. The state duty will be 300,000 * 0.3 = 900 rubles. This is the amount that must be paid before entering into inheritance rights.
Without going through the car assessment procedure, the notary has the right to refuse to issue a certificate of inheritance. But if the heir is experiencing financial difficulties, and the amount of the state duty is too large, then he can apply to the court for an installment plan to pay it.
Based on the results of the consideration of the case, the court may grant an installment plan for payment of the state duty for a period of up to 3 years. During the specified period, interest will not be accrued on the amount of state duty.
When receiving a certificate of the right to inheritance, the heir must present to the notary a paid receipt for the state fee. If this is not done, the notary may issue an official refusal to issue a certificate due to the incompleteness of the documents. It will be almost impossible to challenge such a notarial decision, since civil law will be on the side of the notary.
Heirs should not delay too much in completing the car valuation procedure, since if the certificate of inheritance is not issued on time, the car may be recognized as escheatable property and it will go to the state.
Estimating the market value of a car is important for the following reason. A car belongs to the category of indivisible property. This means that it cannot be physically divided without losing its consumer functions. That is, in fact, the car can be divided into spare parts, but then it will not be able to transport passengers and will lose its main purpose.
Therefore, if there are several heirs, the car usually goes to one of the applicants, while others can count on monetary compensation for their shares based on the market value of the car from its new owner.
What documents do you need to collect to evaluate a car?
It is possible to evaluate a car for inheritance if you have the following documents:
- technical passport of the vehicle or registration certificate;
- passport details of the heir (aka the customer);
- sometimes this issue can be handled by a trusted person - such a person must provide his passport;
- death certificate of the previous owner.
If all the documents are collected, the experts set a time for this procedure, which is carried out only in the presence of the customer. After all the work has been completed, the documents are handed over to the notary, the state fee is calculated based on the information provided.
Where can I get a car appraisal for inheritance?
An important question for citizens is: where to appraise a car for inheritance?
It is possible to contact various appraisal organizations that have the appropriate permits and special judicial institutions. It is important to remember: such companies must be specialists in their field. A professional approach is:
- vehicle inspection by company employees;
- identifying damage;
- skillful preparation of documentation for a notary.
Remember, the main thing is not to fall for scammers or incompetent structures. Such ignoramuses lure people with absolutely inadequate prices for car valuations for inheritance in Moscow and throughout the country. Select for yourself several criteria that a candidate for conducting assessment operations must meet:
- availability of appropriate permits;
- cost of work;
- reviews about the company.
When you study the question of where to appraise a car for inheritance, pay attention to the professionalism of the company.
Challenging the valuation of a car when dividing property
If you need to challenge the results of an already drawn up expert report, this can be done in court. To do this, you will need to file a claim in court in accordance with all the rules for filing claims. In this case, it is advisable to conduct another independent examination with a different appraiser and submit its results to the court.
At the same time, you should file a complaint with the SRO in order to receive monetary compensation for an examination performed in bad faith.
Only an independent expert who is an active member of a self-regulatory organization of appraisers has the right to evaluate a car for court. Based on its results, a special act is drawn up indicating the cost of the car, which is then used in court.
How is a vehicle assessed for inheritance?
You can evaluate a car for inheritance as follows:
- collection of documentation package by the legal successor;
- concluding an agreement with a company for the preparation of examinations;
- experts go to the place where the car is located;
- the employee inspects the vehicle and photographs it;
- subsequently draws up an act based on the inspection and documents submitted by the customer.
There is also a remote form of work based on provided documents, but it is inferior in accuracy to direct inspection of vehicles.
For example, during a personal inspection by a specialist, it is possible to take into account any damage, scratches and, as often happens with old cars, corrosion. It is not so easy to formulate an opinion objectively based on written data.
Deadline for assessing a car for inheritance
How long it will take for an expert assessment of a car for inheritance depends on several factors:
- when a visual inspection of transport by specialists is scheduled;
- characteristics of the vehicle (truck, passenger car, minibus, etc.);
- professionalism of the company that undertakes the work.
In practice, the period of examination can be: several hours, one to three days, if there are objective reasons - a maximum of a week.
The receiver himself is given six months to take legal rights. After the expiration of the specified period, it is possible to obtain a transport license only through the court. All work must coincide with this allotted period; it is possible to extend the period of entry into one’s rights only for good reasons (state of health, lack of information about the will).
How to choose an appraiser?
A formal request for service will need to be submitted. After paying the cost of the assessment, a civil passport of the successor receiving the inheritance, as well as documents for the car, are provided. This is a vehicle (vehicle) passport, which contains the basic data: year of manufacture, model, modification, engine size, power, etc.
They also submit a vehicle registration certificate, which indicates the license plate number and other identifying codes. A driver's license is a document that appraisers do not require, since it has nothing to do with a car being inherited. When applying online, please include your name and your contact information for feedback.
It is important that the organization providing appraisal services is a full member of the SRO. Check if there is a corresponding entry about it in the state register. It is necessary that activities are carried out on the basis of permits and certificates. And the specialist responsible for conducting the inspection must undergo training, receive a diploma, certificate or certificate of appropriate education.
They are not needed for assessment, but are necessary to confirm the employee’s qualifications. It is important that there is no criminal record, especially for economic crimes. They also check for positive reviews. Reputation is an indicator of the integrity and responsibility of an enterprise. During the inspection, a fully legitimate report is drawn up, endorsed free of charge and handed over to the customer entering into the inheritance.
We invite you to familiarize yourself with: Internal part-time work for one position
The cost of obtaining a car assessment examination
How much it costs to appraise a car for inheritance depends on a number of aspects:
- Type of car. Truck models are always more expensive than passenger cars.
- The complexity of the work being carried out. How the work is carried out - directly or remotely.
- Speed of services. If documentation needs to be produced in the shortest possible time, a number of specialists will be involved, and therefore the price will increase.
- The region in which the examination is carried out. If in a certain place there is a monopolist for these services, the price will always be inflated, and when there is healthy competition, the market dictates the cost of services.
Remember, if a person received several cars in a will, an assessment is carried out for each one separately (this also applies to trailers).
Why do you need a car appraisal when inheriting?
Before being able to dispose of what was received, the heir is required to register his right to become the owner of the bequeathed property with a notary. Registration, in turn, involves the payment of a state fee, depending on the cost of the devotee.
Despite the fact that the notary independently calculates the amount of the duty according to the law, he does not have the right to evaluate the car . The representative of the notary office is interested in putting a higher price tag on the car, because then more of the heir’s money will end up in his pocket.
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When assessing a car for a notary by inheritance, you should contact third-party organizations , of whose services does not depend in any way on the cost of the car .
Car valuation report for inheritance
This documentation includes certain information:
- information about the company involved in the assessment;
- information about the customer;
- characteristics of the vehicle (age, model, mileage, technical features, etc.);
- applicable method of assessment: cost, expense, comparative;
- a detailed description of the car by an expert is attached (if available, photographs are added);
- price of transport;
- list of used literature;
- various copies of documents (certified by the appraiser), etc.
All pages must be numbered and the seal of the operating organization must be affixed.
What determines the appraised value
When accepting the work to the heir, it is important to check the inclusion in the report of all mandatory items that will be needed when providing materials to the notary.
The list of mandatory assessment parameters includes:
- Information about the age and mileage of the vehicle
- Data on the condition of the engine and body
- Materials showing what additional equipment is present on the car (navigator, alarm and other systems)
- Generalized data on the approximate market value and market demand of a car based on the results of an analysis of market offers
- Average cost indicators for similar cars
- Data on potential loss of marketable value
The conclusion must be accompanied by photographs of the vehicle being assessed, a list of technical publications on the basis of which the assessment was carried out, and a detailed list of regulatory documents.
Such an assessment is always made only in writing, which is signed by the customer and the appraisers.
The complete package to be provided to the notary must be supplemented by all the papers of the heir and a copy of the license certificate of the person who carried out the assessment.
Advantages of contacting our company for car valuation for inheritance
Assessing the value of a car for inheritance is a complex process, and it is necessary to entrust the relevant work to knowledgeable organizations. The Independent Assessment Center is a company that is distinguished by its efficient work and worthy specialists. The work of the center is structured and based on the following fundamental principles:
- Accurate inspection. In such a serious matter there can be no obvious “hackwork”. Only through a visual and professional inspection of the machine is it possible to identify the slightest defects. Monopolists in the market, in remote regions of the country, sometimes behave “boorishly”, and in order for an expert to travel, you must not only pay from your wallet, but also beg various clerks. This attitude is unacceptable. The concept is simple - quality services at an affordable price. A person will always be happy with a decent attitude towards his legal rights.
- Objectivity, identification of various damages. Imagine that rotten body elements or wear of the chassis are not taken into account, and this will significantly affect the cost of the state duty. If the customer does not intend to overpay, the appraiser company must draw up objective documentation. The Center for Independent Assessment uses exactly this ideology - conscientious, even pedantic work and maximum results at the “output”.
- Competent report formatting. If you draw up the document correctly, it is clear, in accordance with all existing legislative requests, it will be twice as easy for the notary, and therefore faster, to issue a certificate of ownership of the vehicle. What is needed is not a superficial approach, but competent work, research of archival documents, etc. The company will provide an extremely detailed and qualified report.
The assessment center has the main fundamental criteria: appropriate permits, offers affordable prices for services, and has good customer reviews. All this is possible thanks to the well-coordinated work of the team. Representatives of the company are not only well versed in the legislation, but also erudites in the knowledge of transport. Choose the best!
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Probable errors of the appraiser and options for preventing them
All documents of the appraiser and materials submitted by him must be checked as carefully as possible.
Notaries must pay close attention to the completeness of the submitted documents and the well-reasoned evidence base for the assessment.
Common errors in transmitted documents include:
- incorrect indication of the vehicle license plate number in the report;
- errors in the information provided, leading to inconsistency with the Federal Valuation Standards and 135-FZ “On Valuation Activities”
; - absence in the report of detailed references to the source of information on the basis of which the analysis of average market indicators was carried out.
It will be possible to avoid the return of documents if the agreement on payment for the work of a licensed appraiser specifies that full payment will be provided only after the package of documents is accepted by the notary.
The full range of work must be completed within 6 months after the death of the testator.
In most cases, a highly qualified licensed appraiser will require 5-10 business days.
It is also better to stipulate the deadline for completing the work in the contract.
Often, by agreement with the future heir, the appraiser is ready to reduce the value of the car in the report in order to reduce the state duty, although such a fact can be revealed during the inspection of the vehicle at the traffic police when registering with the new owner.
