TDA has built a team of property valuers committed to advancing our mission as a trusted, centralized property advisory group. Our Valuers are Certified Practising Valuers and provide services across Australia.
TDA Valuations offer both historical and current market valuations. These valuations are commonly used in three main scenarios:
Stamp Duty: To determine stamp duty payable
CGT: To determine capital gains tax payable
SMSF: Self managed super fund reporting requirements
A retrospective property valuation is conducted to ascertain the value of a property as of a specific date in the past. Such valuations are performed for various reasons, including capital gains tax assessments.
Irrespective of the historical point in time that a valuation is required for, TDA Valuations is able to prepare a valuation for the point in time required.
This type of valuation requires specialized knowledge and expertise. TDA Valuations has significant experience in conducting retrospective property valuations, even in cases where direct access to the property is not feasible or when the property no longer exists e.g the property has been demolished. The value is obtained by reviewing historical data to determine the value.
Stamp duty is a tax imposed on the transfer of property, calculated based on the property’s market value. It is essential to obtain a professional stamp duty valuation to ensure that the correct tax rate is applied, as this is a legal requirement in many jurisdictions.
You are obligated to pay stamp duty in several situations, including when you sell a property, gift it to family members, transfer it into a superannuation fund, or place it in a trust. Notably, even if no monetary exchange occurs between the involved parties, the Office of State Revenue requires confirmation that the correct amount of stamp duty has been paid for the property transfer.
Capital gains tax (CGT) is the tax you owe on profits made from the sale of assets, including investments like property, shares, and cryptocurrency. When you dispose of an asset—typically meaning you no longer own it—a CGT event occurs. This is the point at which you must report any capital gains or losses on your income tax return.
A capital gains tax valuation is essential for the Australian Tax Office (ATO) to evaluate any capital gains realized from the sale of your investment property.
A primary duty of self-managed super fund (SMSF) trustees each income year is to assess the assets of the fund at their ‘market value.’
Before submitting your SMSF annual return (SAR), the SMSF auditor must verify that the assets have been accurately valued and evaluate whether the valuation method used is appropriate, documenting their findings in the process.
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