Question
What value of a business should be taken for paying out some of the heirs? Is it the value of only the assets or the value of the business if it is sold as a going concern?
Answer
When determining the value for inheritance purposes, the value of only the physical assets – stock, vehicles, equipment, etc. – is calculated. The price which can be acquired by selling the business as a going concern, is irrelevant It has no validity in the Shariah.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 22 No 01
- PDF page
- 4
Appears under Questions and Answers (approximate).