Darwin Capital Gains Tax Valuation
Capital Gains Tax (CGT) must be paid on all profits made from selling a property that is not your main residence. While your primary residential property is typically exempt from CGT, any property that transitions from being a main residence to an investment property, or vice versa, falls under CGT obligations. If you have sold a property at a profit, it is necessary to pay the correct amount of tax on those gains.
For this purpose, an accurate capital gains tax valuation Darwin must be calculated. In order to know the exact level of profit that has been made the value of a subject property must be calculated as it stood at a past date. These capital gains tax valuations are more involved than ones performed for current value, but our valuers are able to deliver the necessary results.
Our team of property valuers in Darwin are able to expertly calculate the past value of your property and by doing this potentially save you thousands of dollars in tax. The difference between the original value of your property to the value that you sell it for dictates how much your CGT will be.
The senior valuations team at Darwin Property Valuers Metro are always independent. This means that they work for you and your interests. They look at all the relevant objective data and calculate the value of your property as it would have been at a past date. This type of valuation is more complex than a house valuation performed for a current value. Our valuers need to look back at the market as it stood on a specific date and track down sales information for other properties like the subject property from that time.
At Darwin Property Valuers Metro, every one of our valuers is a Certified Practising Valuer (CPV) accredited through the Australian Property Institute (API), and also holds AVI or RICS qualifications. With over 20 years of experience in the field, our expert team operates under stringent ethical standards to guarantee professional conduct and deliver the highest-quality valuations.
Our valuers have all the necessary skills and experience to get our clients the results they need, when they need them.
Capital Gains Tax (CGT) Valuation Darwin
We have completed many valuations for the purpose of CGT determinations. In our experience the most common reasons for needing these types of valuations are:
- Moving out of a former primary place of residence and turning it into a rental property
- Selling a rental property for a profit
- Moving into a formal invest property, turning it into a primary place of residence
Our valuers have been able to complete countless property valuations for GCT in Darwin. They know exactly what this type of work requires and what they need to do to achieve the needed results. They can use their experience and formal training to uncover all the necessary information that our client valuation requires.
If you are looking for a valuation for the purpose of Capital Gains Tax or have any questions, reach out to us by filling out the Contact Us form below or calling us at (08) 8967 1683.