Melbourne Property Valuation for (CGT) Capital Gains Tax
Capital Gains Tax is the tax you pay whenever you profit from the sale of your property. This tax is not separate from your income tax; however, you must provide a property valuation for (CGT) Capital Gains Tax to be sure that you pay the correct amount of tax.
A property valuation for (CGT) Capital Gains Tax in Melbourne should be performed by an independent certified valuer. This ensures that the valuation is unbiased, impartial, and free from any outside influences. The valuers at Vals VIC have been certified by the Australian Property Institute; as such, we know our clients can rely on the quality and accuracy of our capital gains tax valuations.
To provide an accurate property valuation for CGT purposes, our valuers will do comprehensive research of the current market. If necessary, the valuation can be a retrospective property valuation. This means that the valuer will create their valuation report to be accurate at a previous point in time. Whether the capital gains tax valuation is current or retrospective, a valuer will have to investigate over 200 factors that affect the value of a property. These include:
- The size of the property and the use of the land
- Relevant local information, including suburb and distance to local amenities including trains stations and shopping centres
- Extra features the property has including, solar panels or a swimming pool
- The properties condition and age
- Details of any recent additions or renovations
These factors and the valuer’s market research are then calculated into a valuation report. The amount of detail that is included in each report aids in proving accuracy and truth. The information may also be useful for any near future financial decisions.
Property Valuation for (CGT) Capital Gains Tax Melbourne
Vals VIC is one of the leading independent valuation firms in Melbourne. We’re highly regarded for our strong work ethic and our integrity. We reliably provide our clients with excellent service and top-quality property valuations. We achieve this by only hiring the best valuers in the state.
Our team of valuers each has over 20 years of experience as a Certified Practising Valuer (CPV) and have been fully accredited by the Australian Property Institute (API). Our team are also registered with the Royal Institution of Chartered Surveyors (RICS).
If you would like more information about our property valuations for capital gains tax, feel free to contact us. You can reach our helpful staff by filling out our online enquiry form or by calling us on (03) 9020 1494.
Industry Qualifications
To keep our quality of work consistently high, Vals VIC holds memberships with the following professional associations:
