Ques:- My grandfather has just died and left me an oil tanker. I need a valuation for tax purposes, and I have hired you to tell me what it’s worth.
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Right Answer:
To determine the value of the oil tanker for tax purposes, you should consider factors such as its age, condition, market demand, and recent sales of similar tankers. You may also want to consult a marine surveyor or a professional appraiser who specializes in maritime assets to get an accurate valuation.