Capital Gains Tax On Property

Access Valuations has over 20 years of industry experience in Sydney property valuations for the purposes of determining capital gains tax. As an independent specialist provider of property valuations, the team at experienced valuers at Access Valuations can provide capital gains tax valuations on residential and commercial properties across NSW. Our aim is to provide a reliable and expert capital gains tax property valuation service with a short turn around period to our clients throughout Sydney.

Capital gain refers to the difference between what you paid for a capital asset such as property, and the amount it sold for. Capital gains tax (CGT) is the levy paid on the capital gain made from the sale of that asset. Capital gains tax in NSW applies to a range of assets, including property, shares, leases, licences and contractual rights purchased for more than $10 000. Any assets purchased after 20 September 1985 are subject to the capital gains tax unless specifically excluded. The tax does not apply to personal assets such as your main residence, car and furniture, as well as depreciating assets such as business equipment or fittings in a rental property. If you are an Australian resident, capital gains tax applies to your assets anywhere in the world, while foreign residents make a capital gain or loss only on assets which are taxable Australian property.

A capital gains tax property valuation is used to help identify the increase or decrease in terms of capital of your NSW property. This type of valuation can be either current or retrospective; current valuations are used to determine the value of your property in the current market, while a retrospective valuation determines the value at a previous date or point in time. As the CGT can be costly and affect your investment returns, it is essential that the valuation is accurate so that you avoid paying more tax than necessary.

To ensure that you receive an accurate capital gains tax valuation on your NSW property, we recommend engaging an experienced and certified property valuer to complete the valuation report. All the valuers at Access Valuations are members of the Australian Property Institute (API), the leading national membership organisation for property professionals. API members are renowned for being impartial, objective and independent. In addition, our valuers participate in continual professional development to maintain high standards of domain expertise.