Capital Gains Tax  Valuations

Capital Gains Tax Valuation Services 

• Residential Capital Gains Tax Valuations

• Commercial Capital Gains Tax Valuations

• Retrospective Property Valuations

• Historical Property Valuations

• Deceased Estate Date of Death Valuations

• Inherited Property Valuations

• Investment Property Tax Valuations

• Main Residence Exemption Valuations

Frequently Asked Questions 

When is a Capital Gains Tax (CGT) valuation required?

A Capital Gains Tax (CGT) valuation is required whenever a property's market value must be established to calculate a capital gain or capital loss for taxation purposes. This commonly occurs when an investment property is sold, a former principal place of residence becomes an investment property, property is transferred between related parties, inherited through a deceased estate, or ownership changes as part of a trust or company restructure. An independent valuation prepared by a Certified Practising Valuer provides objective evidence of market value and can assist in supporting your taxation records and ATO compliance .

Can a CGT valuation be prepared for a past date?

Yes. Retrospective or historical property valuations are one of the most common types of Capital Gains Tax valuations. A Certified Practising Valuer can determine the market value of a property as at a previous date, sometimes many years in the past, by analysing historical sales evidence, market conditions and other relevant information available at that time. These valuations are commonly required where a property was acquired before a CGT event, inherited, or first used to produce assessable income.

What valuation basis is used for CGT purposes?

Capital Gains Tax valuations are generally prepared on the basis of Market Value. Market value represents the estimated amount for which a property would exchange between a willing buyer and willing seller in an arm's-length transaction, after proper marketing, where both parties act knowledgeably, prudently and without compulsion. This internationally recognised definition forms the basis of most taxation valuations prepared for ATO purposes. 

Why should I obtain an independent valuation? 

An independent valuation prepared by a Certified Practising Valuer provides an objective and well-supported assessment of market value. Reports are based on relevant market evidence and recognised valuation methodology, helping reduce the risk of dispute in the event of an ATO review or audit. Independent valuations are commonly relied upon by accountants, solicitors, financial advisers and property owners when accurate market value evidence is required. 

What types of properties can you value?

Woods Valuation Services prepares Capital Gains Tax valuations for a wide range of property types, including residential houses, units, townhouses, acreage properties, vacant land, commercial buildings, industrial facilities and retail property. Whether the property is owner-occupied, leased or vacant, valuations are prepared in accordance with recognised professional standards and supported by relevant market evidence.

Do all Capital Gains Tax valuations require an inspection?

Not necessarily. Whether an inspection is required depends on the property type, valuation date, available information and client requirements. In some circumstances a desktop valuation may be appropriate, while other matters require a physical inspection to ensure sufficient information is available. The most suitable approach can be discussed when requesting your quotation.

What information is required to prepare a quotation?

To provide an accurate quotation it is generally helpful to know:

• Property address

• Purpose of the valuation (Capital Gains Tax)

• Required valuation date

• Property type

• Whether the property is currently improved or vacant

• Whether a retrospective valuation is required

If you're unsure of the required valuation date, we can often assist after discussing your circumstances.

How long does a Capital Gains Tax valuation take?

Turnaround times vary depending on the complexity of the property and the availability of market evidence. Most residential Capital Gains Tax valuations can typically be completed within several business days following inspection (if required), while more complex commercial, industrial or retrospective valuations may require additional research. Fixed-fee quotations include an estimated completion timeframe.

Will my accountant or solicitor accept the valuation?

Yes. Capital Gains Tax valuations prepared by Woods Valuation Services are completed by a Certified Practising Valuer (AAPI) who is also a Queensland Registered Valuer. Reports are prepared in accordance with recognised professional standards and are regularly relied upon by accountants, solicitors, financial advisers and property owners for taxation and compliance purposes.

Can you value commercial property for Capital Gains Tax purposes?

Yes. In addition to residential property, Woods Valuation Services regularly undertakes Capital Gains Tax valuations for commercial offices, industrial property, retail premises, mixed-use assets, development sites and other specialised real estate. Commercial valuations are tailored to the specific characteristics of the property and supported by detailed market analysis.

What areas do you service?

Woods Valuation Services provides Capital Gains Tax valuations throughout Brisbane, the Gold Coast and South-East Queensland, including Ipswich, Logan, Moreton Bay, Redlands and surrounding regions. For some valuation assignments, services can also be provided elsewhere in Queensland by arrangement.

How much does a Capital Gains Tax valuation cost?

Fees vary depending on the property type, complexity, location and whether a retrospective valuation is required. Simple residential valuations are generally less complex than commercial or development properties. We provide fixed-fee quotations before commencing any work, so you'll know the cost upfront with no hidden surprises.