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Capital gains tax valuation

If you require a capital gains tax valuation for your property then you have come to the right place. PVG valuers offer CGT valuation reports at affordable prices with quick report delivery times.  Our valuations are conducted by experienced certified valuers who have access to the most current market data to derive the most accurate valuation for CGT purposes.

Everything you need to know about CGT valuations

IMPORTANT NOTICE: Recent CGT law changes affecting non-residents and off-shore owners

Non-residents and offshore owners of Australian property have been impacted by changes in the 2012 federal budget handed down by the Labour Government. The changes which took affect at 7:30pm on the 8 May 2012, will see the 50 per cent capital gains tax (CGT) discount removed for non-resident individuals who hold interests in Australian property. Individuals impacted by the changes can still claim the CGT discount for capital gains accrued prior to 8 May 2012. We strongly recommend those affected by this change obtain a capital gains tax valuation report to mitigate rising capital gains tax requirements now being imposes on off-shore and non-resident investors.

What is capital gains tax?

Capital gains tax (CGT) is applicable to all investment real estate (and other investment asset classes) purchased or acquired after September 1985. The tax is charged when you sell your property or asset and it has increased in value from the time of its acquisition. Conversely if the value of your asset has decreased from the time you purchased to the time you sold the investment it is considered a capital loss. Investors need to determine the increase or decrease in value over the holding period to calculate the capital gain tax implications.

What is a capital gains tax valuation report?

A capital gains tax valuation report is used to help identify the capital increase or decrease of your property asset. The valuation can be current or retrospective. Current valuations are used to determine the value of your asset in the current market. A retrospective valuation is used to determine the value at a previous date or point in time.

Why and when do I need a capital gains tax valuation?

You may require a capital gains tax valuation when a capital gains tax event occurs for calculation of future capital gains tax. This basically means when the property is being used for investment/business purposes. For example, a capital gains tax event occurs when you decide to rent out your principal place of residence, or if you decide to work from home and use part of the premises for business purposes such as a home office, or if you chose to lease out one bedroom. You may choose to have a valuation conducted when a capital gains tax event occurs (recommended) or you may choose to have a retrospective CGT valuation conducted when you decide to sell the property. For the latter it is recommended you keep accurate records of dates and events.

Why choose us for a CGT valuation?

Capital Gains Tax can really affect investment returns and can be a costly tax! Therefore an accurate valuation is crucial to make sure you do not pay more tax than you need to. We conduct CGT valuations for a host of clients including individual investors, company and trust entities. Be weary of valuers who offer cheap CGT valuation reports. Often these companies do not carry the proper professional indemnity insurance and do not have access to the proper property resources to research the market for the most relevant and comparable sales. This can lead to inaccurate valuations for the purposes required and will cost you more in tax than what you will save on the fee! Our valuers are experienced in providing valuations for capital gains tax purposes and have access to the best property research databases, so we can find the most relevant market sales for your purposes and have all the necessary details at our finger tips.

How much does a CGT valuation report cost?

Every property is unique and the valuation fee is determined by what the property is, where it is and the degree of risk involved with the each job. You can obtain an online quote by filling out the valuation request form. Simply fill in all the information and you will be provided with a fee quote within 24hours.

How long does the valuation process take?

We operate on a 48 hour turnaround time for the majority of CGT residential (short form) jobs, however for urgent matters we can deliver the report within 24 hours in most instances. Other property may take longer depending on the uniqueness of the subject property.

I require a CGT valuation report, what’s next?

Click on the appropriate link  located center-right of this web page to fill in an inquiry form. We will contact you within 24 hours with a fee quote and proceed to book an inspection appointment time if required. After inspection, the report will be completed within agreed delivery time. All fees are payable prior to release of the valuation report.  Upon receipt of payment the report will be delivered via post and/or email. Once completed, you can then use this report to file away for future capital gains tax requirements or use immediately.