Inheriting property
Market value at the date of death establishes the cost base for executors and beneficiaries.
Capital gains tax valuations
Capital gains tax valuations the ATO will accept.
Independent Adelaide property valuers preparing retrospective and current market reports for capital gains tax. Built for accountants, investors, SMSF trustees and executors who cannot afford a report that gets queried.
What we prepare
A property valuation built around a single effective date.
A capital gain or capital loss is the difference between what an asset cost you and what it sold for. Any property acquired after 20 September 1985 is generally subject to capital gains tax unless specifically exempt, so the market value on a defined date is the figure your accountant relies on.
Sidel prepares the valuation to a precise effective date, supported by comparable sales evidence from that period. Where the asset is jointly owned, each party's allocation is clearly apportioned.
- Retrospective effective date matched to your accountant's instructions.
- Comparable sales evidence from that period kept on file.
- Joint ownership apportionment set out clearly for each party.
- Methodology disclosed in plain English, so the report can be defended if queried.
When you need one
The moments that trigger an ATO ready valuation.
A family home is generally exempt from capital gains tax, but plenty of common life events change that. Each of these typically requires an independent valuation:
Moving in or out of a rental
Vacating a family home and renting it out, or moving into a former investment, both create a valuation event.
SMSF transfers
Transferring property into or out of a self managed super fund requires a current market valuation.
Major renovations
Significant modifications or refurbishments alter the cost base and should be valued at the appropriate date.
Vacant land & holiday homes
Investment land, holiday homes and rural acreage over 2.5 hectares are squarely within the CGT regime.
Joint ownership change
Buying out a partner, family transfers, or dissolving an investment partnership all require an apportioned valuation.
Frequently asked questions
What accountants and investors most often ask.
Can you backdate a property valuation for CGT purposes?
Yes. Retrospective valuations are standard for capital gains tax matters. We assess the property in its current state, then research the sales market on your nominated effective date to determine the historic market value, with comparable evidence retained.
Is my main residence exempt from capital gains tax?
A primary residence is generally exempt, but the exemption can be lost or partially lost if the home is rented out at any point during ownership. Your accountant will determine the exempt period; we provide the market value at the date the exemption changes.
What information do you need from my accountant?
The exact effective date for the valuation, the purpose stated for the report, and any apportionment instructions if the property is jointly held. We confirm the brief in writing before commencing.
How quickly can a CGT valuation be turned around?
Inspections in metropolitan Adelaide are arranged promptly to suit your schedule and the finalised report is typically delivered inside five business days.