Taxation on a property can happen at a few different stages of ownership and Valuations Victoria is able to assist with all your taxation valuation requirements. You might have a request by the ATO or other government body to provide a certified valuation report for your Self-Managed Superannuation Fund, for Asset Register Auditing, or to set a cost base for Capital Gains Tax.
Being a renowned valuation firm based in Melbourne, we have provided valuation reports for taxation purposes to thousands of clients to assist in determining their tax liability. We service both the Melbourne metropolitan area, as well as greater Victoria and specialise in both residential and commercial property for taxation purposes.
All valuers in our company are certified under the Australian Property Institute and all have a minimum of 20 years’ experience in the industry, meaning their reports are highly accurate, highly regarded, and are accepted for all taxation valuation requirements.
Valuations are required for taxation purposes for the following reasons:
• For individuals – when transferring real estate or shared between parties
• For employees – non-cash benefits, such as gifts
• For small businesses – transfers of assets or passing the threshold tests
• For property developers – the GST margin scheme
• For businesses – property owned under companies
• For Self Managed Superannuation Funds – to reports regularly on the value of the asset
In terms of process, our expert valuers will inspect the property where access is available, however, in the instance access is no longer available, they will complete an external inspection. Many taxation valuations require a retrospective report to be conducted, where our valuers thoroughly research the subject property historically, giving you an accurate value at the exact time you need it for.
To find out more about our Taxation Valuation Services, please contact our office to speak to one of our friendly representatives on (03) 9020 1494. They will be able to help you with what you will need and provide you with an over-the-phone quote as well as helpful, general advice. Alternatively, you can fill out your details in our Online Enquiry Form, and we will get back to you as soon as possible.