Capital Gains Tax
CGT Property Valuation
Establish the market value of your property at the date of acquisition or disposal to calculate your capital gain accurately.
Overview
What is a Capital Gains Tax?
A CGT property valuation establishes the market value of a residential property at a specific date in the past, for the purpose of calculating a capital gain or loss under the Income Tax Assessment Act 1997. The ATO requires that market value be determined on an arm's length basis, using comparable sales evidence from the relevant period.
Whether you acquired a property before CGT was introduced in 1985, inherited a property, or need to establish the cost base for a property you are now selling, Neon Bridge can provide a compliant, documented valuation report that your accountant can rely on.
Who Needs This
Is this valuation right for you?
- Property owners selling an investment property who need to establish the original cost base
- Individuals who inherited a property and need to establish market value at the date of death
- Property owners who converted their principal place of residence to a rental property
- Individuals who acquired a property before 20 September 1985 (pre-CGT) and need to establish market value at that date
- Accountants and tax agents who need a documented valuation to support a client's tax return
What We Provide
What is included in your report
- Written valuation report with a stated market value at the relevant date
- Comparable sales evidence from the relevant period
- Documented methodology consistent with ATO requirements
- Signed report suitable for inclusion in your tax records
- Report prepared by a Chartered Accountant and licensed NSW real estate agent
Documentation
What you need to provide
No site visit is required. We complete your report using publicly available data and the information you provide.
Property address
The valuation date required
Any known improvements made to the property
Copy of title or contract of sale (if available)
Any previous valuations or appraisals (if available)
FAQ
Common questions
Does the ATO accept a retrospective valuation?
Yes. The ATO accepts retrospective valuations for CGT purposes, provided the valuation is prepared by a suitably qualified person using a documented methodology and comparable sales evidence from the relevant period. Our reports are prepared to meet this standard.
Do I need a registered valuer?
The ATO does not require a registered valuer for CGT purposes. It requires that the valuation be prepared by a person with the appropriate knowledge and experience. Wayne Trattles is a Chartered Accountant and licensed NSW real estate agent with extensive knowledge of the NSW residential property market.
What if I do not have the original contract of sale?
That is not a problem. We can prepare a valuation without the original contract. We will use publicly available data, including historical sales records, to establish the market value at the relevant date.
How far back can you prepare a valuation?
We can prepare valuations dating back to the 1980s for most NSW residential properties, subject to the availability of comparable sales data. Contact us to discuss your specific requirements.
Also Available
Related services
Get started today
Ready to order your report?
Submit your enquiry and we will confirm the fixed fee and turnaround time. Your report will be ready within 48 hours of receiving your documentation.
Request a Valuation