We conduct valuations for a number of taxation purposes. These include (but is not limited to):
Vanguard Valuations is approved by the Australian Taxation Office (ATO) to undertake CGT property valuations. Vanguard can conduct current and retrospective market CGT valuations.
CGT is the tax you pay on the capital gain of an asset. Selling or transferring assets such as property is a common way to make a capital gain (or loss). Renting out a property may also trigger the need to pay CGT.
To determine the scale of CGT or a capital gains loss for your property, a valuation is required. Once the value of your property is determined, you or your accountant can identify the capital increase or decrease of your property asset.
Vanguard Valuations is approved by the ATO and respective Revenue Offices to undertake Stamp Duty property valuations.
Stamp duty is a tax payable upon transfers of properties between two or more parties.
The amount of stamp duty tax you pay depends on the valuation amount reported by a valuer. Vanguard Valuations will ensure that clients receive a fair market value on their Stamp Duty valuation so they are not paying more tax than what is required.
The margin scheme reduces the amount of GST that needs to be paid when you sell a property as part of your business. This tax can only be applied if the property is taxable.
Vanguard Valuations is approved by the ATO and respective Revenue Offices to undertake CGT Margin Scheme valuations.
The GST margin scheme is a way of working out the GST you must pay when you sell property as part of your business.
Independent property valuers strive to find the “fair market value” of an asset. It is the highest amount a buyer and a seller would accept for a property in an open market. This is the value you need for taxation purposes.
The date of the taxation event is important for us to determine the valuation of a property. Taxation valuations may require a current or a retrospective valuation for an asset. Therefore the correct date should be determined by your accountant.
Vanguard Valuations will strive to find the right value for your property for taxation purposes. This will ensure that you are paying the right taxation amount and not more than is required.
We have extensive experience in helping our clients reach the right valuation. This ensures that they do not pay more than what is required. Rest assured, we will be working diligently on your report.
We are swift with our communication and can tailor the report to your needs.
So, if you want to find out more about how we can help you find the true value of your property contact us or call 1300 359 886. We operate in both Canberra and Sydney.