Movable property (movable thing) – property (thing) that can be moved from one place to another without changing its purpose and without substantially reducing its value, unless otherwise provided by law. This may include vehicles, computer equipment, household goods, industrial goods, precious metal products and other movable property.
Movable property valuation – straightforward with experienced professionals
Movable property can be valued regardless of whether it is classified as a long-term or short-term asset. Valuation may be required by law or requested by the owner.
Movable property valuation is commonly required when ownership changes, property is sold, exchanged, gifted or inherited, or when it is taxed, declared, pledged, insured or included in accounting records.
The valuation process consists of three main stages:
1. Inspection
The property and relevant documents are inspected, and its characteristics, quantity, quality, advantages and disadvantages are assessed.
2. Analysis
The legal framework, competitiveness, market attractiveness and prospects of the asset are analysed and its value is determined using professional valuation methods.
3. Report
A written valuation report is prepared, including photographs and a detailed description, and provided to the client or authorised representative.
The valuation process may take 3 to 30 days, depending on the type, scope, purpose and complexity of the assignment.