We can provide retrospective and current analysis on properties for Capital Gains Tax given the complexities of our Australian Taxation system. Capital Gains Tax is a situation that occurs when a profit or a loss is made after a sale of a property. This factor is neglected in many transactions as many people see Capital Gains Tax as an issue after settlement.
Capital Gains Tax Valuations of real estate may be required to determine a base for Capital Gains Tax when selling an investment property.
The circumstances requiring a capital gains tax valuation may be when:
- a residential dwelling has been leased and has been owner occupied and then sold
- an individual/entity inherits a property and at a later date it is sold
The valuation can be carried out as at the current date, for future capital gains tax purposes or can be carried out at a retrospective date, i.e. the date a property was inherited.
We, at Property Valuations NSW, see that this information as vital to your economic decision process as to whether you buy or sell a property.
Capital Gains Tax should not be ignored as the rules are quite specific and the percentages, especially in the first twelve months of a Capital Gains Tax situation, are dramatic. This may affect the decision to sell and it is important to arm yourself with such information, when making a rational decision in regards to your property portfolio.
We look at our customers in the Capital Gains Tax sector as clients and look forward to an ongoing relationship with your property portfolios
All valuations are conducted by an accredited, insured and API Certified Practising Valuer in accordance with the Australian Property Instituted guidelines. We cover the areas of Newcastle, Lake Macquarie, Hunter Valley, Upper Hunter, Central Coast and Port Stephens regions and we can usually assist with urgent matters to ensure that you or your client can meet the time frame required.
P: 1300 305 549