Capital Gains Tax Valuation NSW

Independent Capital Gains Tax Property Valuations Across NSW

When you need to establish the market value of a property for a Capital Gains Tax matter, an independent property valuation can provide important supporting evidence for your accountant, tax adviser or solicitor.

Property Valuations NSW provides Capital Gains Tax property valuations throughout New South Wales, including current and retrospective valuations for residential, commercial and other property types.

A CGT valuation may be required where the relevant market value of a property needs to be established at a particular date. In some circumstances, that date may be in the past, making a retrospective property valuation necessary.

Our Certified Practising Valuers undertake professionally researched valuations based on the property, the relevant valuation date and available market evidence.

What Is a CGT Property Valuation?

A CGT property valuation is an independent assessment of a property’s market value at a specified date for a Capital Gains Tax-related purpose.

The circumstances surrounding a CGT event determine whether a valuation is required and which date is relevant. Your accountant, tax adviser or solicitor can advise you about your taxation position and whether you need a valuation.

Our role is to provide an objective property valuation based on appropriate research, market evidence and recognised valuation principles.
The result is a formal valuation report documenting the valuer’s assessment of market value and the evidence considered in reaching that assessment.

• An investment property is sold
• A property changes from a principal residence to an income-producing property
• Property is inherited
• A deceased estate is being administered
• Property is transferred between family members

• Property is transferred between related parties
• Property is held or transferred through an entity or trust
• A historical market value needs to be established
• A taxation adviser requires independent evidence of property value

Retrospective CGT Property Valuations in NSW

Establishing the Value of a Property at a Historical Date

A retrospective property valuation determines the market value of a property as at a date in the past.

This can be important for CGT matters where the relevant tax event occurred some time ago.

For example, you may be asked to establish a property’s market value as at:
• The date it was first used to produce income
• The date an inherited property was acquired
• A date associated with a property transfer
• Another historical date relevant to the taxation matter

Houses
Units and apartments
Investment properties
Vacant residential land

• Holiday homes
• Inherited residential properties
• Properties changing from owner-occupied to investment use

Commercial CGT Valuations in NSW

Independent Commercial Property Valuations

Capital Gains Tax matters can also involve commercial and industrial property.

Commercial property valuations can require consideration of the property’s particular characteristics, use, location, improvements, planning controls, market conditions and comparable sales evidence.

Property Valuations NSW can assist with commercial property valuation requirements associated with CGT and other taxation-related matters.

If your accountant, tax adviser or solicitor has requested a commercial property valuation for CGT, contact our team to discuss the requirements of your assignment.

Why Use an Independent Property Valuer?

Objective and Evidence-Based Valuation

Tax-related property valuations need to be appropriately supported by evidence.

The Australian Taxation Office’s market valuation guidance emphasises that a valuation should be objective and supported by appropriate evidence. Professional valuers can provide greater credibility than informal estimates when a formal valuation is required.

Current or Retrospective Valuations

Your circumstances may require a valuation of the property today or an assessment of its market value at a historical date.

We can discuss the relevant requirements with you and determine the information needed to undertake the valuation.

Professional Valuation Reports

Our valuation reports provide documented research and an independent assessment of market value that can assist your accountant, tax adviser, solicitor or other professional adviser.

Planning Ahead for a Future CGT Valuation?

Make an Early CGT Enquiry

Not every CGT valuation is needed immediately.

You may be planning to sell a property in the future, considering a change in how a property is used, managing an estate or dealing with another transaction where a valuation may eventually be required.

If you have been advised that you may need a CGT property valuation in NSW, you can make an early enquiry with our team.

An Early CGT Enquiry can help you understand the valuation process, the likely timing and the information that may be required when you are ready to proceed.

Important Information

A property valuation does not constitute taxation, accounting, financial or legal advice. The application of Capital Gains Tax depends on the individual circumstances and applicable taxation legislation. You should obtain advice from your accountant, registered tax agent, solicitor or other appropriately qualified professional regarding your specific circumstances.