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Query regarding valuation of life interest in property. Property situated in Ireland valued at €100,000 subject to life interest of 53yr old living in Australia to 1 room in the house.
Do I value the life interest on the basis of the €100,000 (overall valuation of the property) or obtain a valuation for 1 room in the property and calculate the life interest on that figure. Say 5 rooms in property so 1 room valuation would be €20,000 multiplied by multiplier .6887 = €13,774.

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Asked on 9 August 2016 11:56 am