Capital Gains Tax Valuations
CGT is the tax payable on capital gains from the sale of an investment property acquired after September 19, 1985. You may be liable for CGT if your capital gains exceed your losses. Gifting a property also triggers a CGT event, Determining Market Value of the property is essential in calculating CGT. Professionally qualified valuers can provide this market valuation.
Stamp Duty Valuations
Stamp Duty is the tax payable on the transfer of an asset, such as real estate, between tow parties. A Stamp Duty Valuation is required by State Revenue Authorities when the property was not sold on the open market and where there is a transaction between the two parties (e.g. a sale between family members) and the sale is not deemed to be an arms length transaction.
Only professionally qualified valuers can provide this Market Valuation, which will provide the correct figure on which the duty will be assessed.
Stamp duty valuations are also required where property is being transferred into a superannuation fund and various trusts and entities.
Call us on 1300 798 274 or email us now to request a valuation.