In the absence of an estimated inventory of the estate's movable assets, the taxable value of the deceased's movable assets will be estimated at 5% of the total assets of the estate.
The 5% lump sum may be higher than the actual value of the movable property, in which case it is strongly recommended that an inventory of the movable property be drawn up by a court-appointed auctioneer.
The total amount of this inventory will be added to the estate assets instead of the 5%.
The furniture inventory will ensure that your inheritance tax liability is not overestimated, thereby avoiding any error in the valuation of the estate's movable assets.
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