Section III: Rules for the valuation of property

I.-The value of the assets mentioned in article 965 is determined in accordance with the rules in force for death duties. By way of derogation from the second paragraph of article 761, a 30% allowance is applied to the real market value of the property if it is occupied as the owner’s main residence. In the case of joint taxation, only one property is eligible for the above allowance. Securities…