SERVICES TO THE LEGAL PROFESSION
At PPE Valuations we pride ourselves in supplying a professional supporting litigation service to the legal profession.
Our services include the following:
Expert Witness Testimony
Apart from providing and presenting council with a valuation report we can also consult with you and advise you on the relative strength of a valuation report presented by opposing parties by performing additional research and analysis to support or discredit assumptions or conclusions.
Estate Late (Date-of-death Valuations)
Estate tax liability and disposal of assets under a will. There are many situations, none of them lacking stress and complexity, where you might need a valuation of property that states an opinion of the value for fixed and movable assets as on a date other than when the valuation is ordered. For estate tax purposes or disposition of the assets of a deceased, a "date of death" valuation is often required. (Sometimes, the executor of the estate may even choose a valuation date six months after the date of death -- but the same principles apply.) Valuations for Estate Duty can directly be done on the REV246 form and returned to you ready for submission.
Divorce appraisals require a well-supported, professional valuation that is defensible in court. When you order a valuation from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal.
A well-researched valuation report by PPE Valuations in line with Section 25 of the Constitution (Act no. 108 of 1996) and the Expropriation Act 63 of 1975, as amended by Act 45 of 1992 will ensure a just and equitable outcome for your client.
PPE Valuations can help you to take the guess work out of the periodical rent review when drawing up the new rental agreements for your clients. Not only can we can supply well researched market rental reports, but we can also advise you on rental and expense escalation rates based on local and national trends.
Registered valuation professionals in South Africa generally strive to offer reports of a high standard to their clients. However, sometimes, you as a legal professional, might have doubts about the accuracy of a report presented to you. PPE Valuations can in these cases, without you having to pay for a second valuation report, do a valuation review where the market assumptions, market analysis and value conclusions of the presented report are critically analysed and tested against the final value. Based on these findings you can accept the report or re-engage with your valuer to amend the report.
The SARS website offers the following information: Transfer Duty is a tax levied in terms of the Transfer Duty Act, No. 40 of 1949 on the value of any property which is acquired by way of a transaction or otherwise. Property includes:
- Land and fixtures;
- Real rights in land, excluding rights under mortgage bonds or leases;
- Rights to minerals or rights to mine for minerals including leases or sub-leases to mine for minerals;
- A share or interest in a "residential property company";
- A contingent right to residential property or a share or member's interest in a "residential property company" held by a discretionary trust (not a special trust), where the acquisition of the right is in consequence of an agreement for consideration in relation to property held by that trust; or accompanied by a change in the debt or security structure of the trust; or accompanied by a change in the trust's trustees; and
- A share in a share block company.
Municipal Objections and Appeal Process
Over-valuation of properties for rates purposes can result in substantial losses since a general valuation is done only once every four years. It is therefore important to ensure that your client’s portfolio is correctly valued and any objections timeously submitted. Other than most property owners, PPE Valuations have access to market data and is experienced in the analyses and application of market data which will result in an accurate market valuation. Furthermore, an objection accompanied by a proper valuation report has a greater chance to be taken serious by the municipal valuer who might be overwhelmed by objections from owners who offer unsubstantiated reasons for why they feel that their property has been over-valued. We will therefore also be better equipped to advise you whether to appeal the decision of the municipal valuer in the event that your object is rejected and then to present the valuation report of your property at the appeals board hearing.
... after obtaining a Master of Science degree (MSc) in Property Studies from the University of Cape Town... More