The need for evaluation of property mainly occurs when the property becomes a part of the legal process. For instance, when it is necessary to take a mortgage credit, to execute sale and purchase contract, to calculate taxes, etc. Evaluation of property is carried out by the evaluation expert, whose evaluation of one or another kind of property shall be used as a basis for subsequent decision-making.
The result of property’s evaluation is the «Report on property evaluation», which has a status of a legal document and is prepared in accordance with the Law of Ukraine «On the evaluation of property, property rights and professional evaluation activities in Ukraine», the National Standards and other regulatory legal acts concerning evaluation of property and property rights.
Evaluation of property from a licensing perspective is divided into the following types:
|Evaluation of immovable property||Evaluation of machinery and equipment||Evaluation of automobiles (wheeled transport vehicles)|
|Evaluation of aircrafts||Evaluation of ships||Evaluation of cultural values|
|Evaluation of property (other)||Evaluation for taxation purposes, accrual and payment of other obligatory payments under the legislation||Other types|
Evaluation of property rights and intangible assets is divided into:
2.1. Evaluation of integral property complexes, shares, securities, property rights and intangible assets.
2.2. Evaluation of intellectual property rights.
2.3. Evaluation for taxation purposes, accrual and payment of other obligatory payments under the legislation.