Adelaide Capital Gains Tax (CGT) Valuations Services
Capital Gains Tax is a tax that must be paid whenever there is profit from the sale of a property. When you employ the services of a professional that specialises in Capital Gains (CGT) tax valuations, you’ll receive a comprehensive report that can assist with calculating your liabilities.
Capital gains tax (CGT) property valuations in Adelaide, and all other property valuations for tax purposes, are generally conducted by using the comparison approach. A common valuation method used by independent valuers who are certified, impartial, and free from any outside influence. We at Vals SA regularly use this method to provide accurate capital gains tax valuations.
When conducting a property valuation for CGT, our valuers investigate many variables both internal and external that influence a property’s value. These variables include:
- The property’s size and its land usage
- Location and distance to local amenities
- Sales of comparable properties from up to 6 months before the valuation
- General condition and if there are any potential risks or structural issues
- Local Government and zoning restrictions
All these and many other variables are factored into the calculation of the value of a property along with an analysis of the local property market. A property valuation for capital gains tax purposes can be current or retrospective. A retrospective property valuation is made the same way as a current market report but is based on a previous date in time.
Capital Gains Tax (CGT) Valuations in Adelaide
Vals SA is highly regarded as one of the leading valuation firms in Adelaide and across South Australia. We have achieved this by completing professional work while staying true to our core principles, honesty, integrity, and accuracy. We only hire valuers that not only follow our principles but are also fully accredited by the Australian Property Institute (API). Our team of valuers are also registered members of the Royal Institution of Charted Surveyors (RICS) and have had well over 20 years of experience as a Certified Practising Valuer (CPV). With a highly qualified team, we can be sure that all clients will receive a correctly made property valuation for cgt purposes.
At Vals SA, we know that property valuations for capital gains tax are not always for residential properties. Our team of expert valuers are well versed with all property types and can conduct not only residential property valuations but can also provide an industrial/commercial property valuation. No matter the case, we at Vals SA cater our services to meet the requirements of our clients and we can assist with any of your valuation needs.
If you’d like to enquire more about us and our property valuations for capital gains tax or would like an instant quote, contact us today. Our knowledgeable staff are happy to help. To get in touch simply fill out our contact form or call us on (08) 7009 4449.