Independent Property Valuers - Real Estate Consultants

Capital Gains Tax Valuations

Why do I need a Capital Gains Tax Valuation for?
Valuations WA are one of the leading Perth Valuation firms involved in offering the high quality valuation services for Capital Gains Tax purposes. We specialise in property valuations that are suitable for submission to the Australian Tax Office for your investment property. Our qualified and experienced valuers are well placed to provide a current market and/or retrospective valuation of you property for Capital Gains Tax Purposes.

We understand that our property valuation report becomes the basis of calculating your capital gain tax liability and hence strive to provide maximum satisfaction to you by our high quality services.

Perth Property Valuers complete tax valuations daily on the advice you receive from the Australia Tax Office, Accountants and Financial Advisors. Our most common capital gain tax valuations, include:
•  Moving out of your Primary Residence and renting it out (turning it into an investment property) – a valuation is needed at this date to calculate the “starting point” for any future capital gain or loss.
•  Selling an investment property (“at arm's length”) – a valuation is needed at the date it became an investment property, with the capital gain or loss calculated based on the value at this date and the selling price.
•  An investment property becoming your primary residence – two valuations maybe needed; (1) at the date it became an investment property and (2) at the date it becomes your primary residence again, with the capital gain or loss calculated based on the value at the two dates.
•  IMPORTANT CAPITAL GAINS TAX CHANGE: NON-RESIDENTS - Recent Capital Gains Tax 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 Australian Government. These changes which took effect on the 8 May 2012, and has seen 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 recommend those affected by this change contact their Accountant or Financial Advisors and if required Valuations WA can assist by completing a Capital Gains Tax valuation report to determine capital gains tax liability that has now been imposed on off-shore and non-resident investors.
Valuations WA always recommends you seek advice from your Accountant or Financial Advisor before engaging a property valuer as the date of valuation you require is important and we want to get right the first time.
  • One of our experienced property valuers are happy to discuss the property valuation you require in more detail. Contact the Office (08) 9242 1611 or send us an email and we'll get back to you.

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