How professional valuations affect your Australian tax obligations
Property valuations aren't just for buying and selling—they play a crucial role in various tax obligations in Australia. From stamp duty to capital gains tax and land tax, understanding how valuations affect your tax position can save you significant money.
The Australian Taxation Office (ATO) and state revenue offices rely on property valuations to assess your tax liabilities. Getting a professional valuation ensures you're paying the correct amount—not more, not less.
Calculated on purchase price or market value—whichever is higher. A valuation ensures you're not overpaying.
Valuations establish cost base and market value at key dates, minimising your CGT liability.
Calculated on the unimproved value of land. An accurate valuation ensures correct assessment.
Valuations determine cost base for beneficiaries and any applicable duty or CGT.
If the purchase price exceeds market value, a valuation can save you thousands in unnecessary stamp duty.
Accurate cost base calculations and main residence exemptions can reduce or eliminate capital gains tax.
Disputing overassessed land values can reduce your annual land tax obligations significantly.
Professional documentation supports your tax position if the ATO or state revenue audits your return.
Expert valuations for stamp duty, CGT, land tax & deceased estates