Capital Gains Tax & Stamp Duty Valuations

Valuations for Capital Gains Tax and Stamp Duty Capital-gains-tax-404x256

WBP Property Group provides valuations for Capital Gains Tax purposes and for the Office of State Revenue for the purpose of calculating stamp duty.

A Capital Gains Tax valuation is required by the ATO to calculate the Capital Gain on an investment property. A retrospective valuation may be required to calculate the value of a property at a past date when it changed from the family home to an investment property.  This is possible even if you no longer own the property.

Capital Gains Tax Exemptions – A capital gain made on your ‘main residence’ (your home) is generally exempt from Capital Gains Tax. However, the exemption depends on how you came to own the dwelling and whether you’ve used it to produce income, such as by renting out all or part of it.  If you’ve been renting part of the property a valuation may be required to determine the value of that part of the house and the increase in value of the property during the time it was rented.

Where tenants are involved, we understand the importance of respecting their privacy and we make every effort to make the process as quick and easy as possible while accommodating your and their requests. All valuations are conducted with strict confidentiality and no details of the valuation report are provided to the tenants or any third party at any time.

It is important that we know the purpose of the report so we can provide a detailed report that meets all the Tax Office or relevant department’s requirements.

In addition to Stamp Duty and Capital Gains Tax valuations, valuations may also be required for:

  • Deceased estates
  • Satisfying visa requirements
  • Superannuation purposes and self managed super funds

WBP Property Valuations provides:

  • An accurate report
  • A competitive fee
  • A fast turn around
  • Exceptional service

Use WBP Property when time is of the essence. We send sms updates, promptly email your report and provide a verbal analysis in the meantime.

The whole process was handled with complete professionalism at every stage and a wonderful friendliness that is rare today.  I really appreciated being kept informed each step of the way and your strict adherence to the timelines you gave me.  Additionally, the property I requested the valuation report for, was tenanted, so the valuation needed to be handled with discretion and consideration for the tenant and I was so pleased to hear from the tenant that Jonathan's visit went smoothly and they got on very well.–Sue McCormack, Hendra


Need more information about Capital Gains Tax or Stamp Duty?  At WBP Property Group we have just released our new book – Real Estate for Beginners

Real Estate for Beginners

Real Estate for Beginners

If you are looking to buy or sell a property or need a bank loan to purchase a property our book ‘Real Estate for Beginners – A property valuer’s inside tips for pricing, buying and adding value to property for first home buyers’ is a valuable resource.  Click the link for more information on how this beginner’s guide to property can give you the inside information you need to start a profitable property portfolio.

Ordering a valuation is the quickest and easiest way to know the property’s value before you buy or sell, but if you have the time, this book will give you the resources to start the  process yourself.

This book will show you:

  • how to find and negotiate the right property
  • how to add value to a property for sale or valuation
  • how to get every cent from a property (and the best valuation)
  • how to get the inside tips to the bank’s requirements so you can borrow more and maximise your property portfolio
  • how a valuation is required for Capital Gains Tax and Stamp Duty

Click here for more about what inside tips you’ll learn from ‘Real Estate for Beginners’.

 


 

Book a Valuation or Request a Quote and our team will be in contact within one business day.

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Brisbane. Ipswich. Gold Coast. Sunshine Coast.