Capital Gains Tax Valuations
Sovereign Valuations is experienced in undertaking property valuations for Capital Gains Tax (CGT) purposes. An accurate assessment of market value is imperative to ensuring you do not pay any more tax than required. Each property valuation undertaken by Sovereign Valuations undergoes extensive analysis, putting our clients in the best position possible. Valuation reports undertaken by our firm are compliant with Australian Taxation Office (ATO) requirements, noting the ATO stipulates valuations must ‘objectively demonstrate the valuation process undertaken in accordance with valuation industry practices’. You can view the ATO’s requirements for Capital Gains Tax valuation reports by clicking here.
Property valuations undertaken for Capital Gains Tax can either be for current market value or retrospective market value, depending on the relevant date of valuation required.