Capital Gains Tax Valuation (CGT)
CSA Valuers can provide expert property valuations for capital gains tax matters in Brisbane and all of Queensland. Capital Gains Tax (CGT) is payable to the Australian Taxation Office (ATO) when you make a gain upon the disposal of a property asset. This has been in effect since 20 September 1985. There are some circumstances where an exemption would apply. Capital losses can be used to offset earnings in the same year according to the ATO. There are a few situations where a valuation would be required, for example in relation to the sale of a rental property or if your principal place of residence is to become a rental or investment property. A professional valuation from a certified independent property valuer will deliver peace of mind for all property decisions. Information is kept strictly confidential and we don’t visit the property without your permission.
A physical inspection of the property is generally required. Where a retrospective valuation is required, we can carry out a desktop assessment.
A property valuation for CGT is of interest to those who wish to minimise future CGT that might be payable. Retrospective property valuations are often requested. As an example our clients often use these valuations on investment properties and rental properties that might have been primary residence (PPOR) at some point and have since become a rental property for a period of time.