Deceased Estate
Deceased Estate Property Valuation
Establish the market value of a property at the date of death for estate administration, probate, and beneficiary distribution purposes.
Overview
What is a Deceased Estate?
A deceased estate valuation establishes the market value of a residential property at the date of death of the owner. This valuation is required for estate administration, probate applications, and to establish the cost base for any future capital gain calculation by the beneficiary who inherits the property.
Dealing with a deceased estate is a difficult time. Neon Bridge makes the valuation process as straightforward as possible. We work directly with executors, administrators, solicitors, and accountants to provide a clear, documented valuation report that meets the requirements of the Supreme Court, the ATO, and the estate's beneficiaries.
Who Needs This
Is this valuation right for you?
- Executors and administrators of deceased estates who need to establish the value of property assets
- Solicitors managing probate applications who need a property valuation for the estate inventory
- Accountants who need to establish the cost base for a beneficiary who has inherited a property
- Beneficiaries who have inherited a property and need to understand their CGT position
- Trustees managing testamentary trusts that hold residential property
What We Provide
What is included in your report
- Written valuation report with a stated market value at the date of death
- Comparable sales evidence from the relevant period
- Documented methodology consistent with ATO and Supreme Court requirements
- Signed report suitable for use in probate applications and estate administration
- 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
Date of death of the deceased
Copy of the death certificate (if available)
Any known improvements made to the property
Copy of title or contract of sale (if available)
FAQ
Common questions
Is a deceased estate valuation required for probate?
Yes. The NSW Supreme Court requires a valuation of all real property in an estate as part of the probate application. The valuation must be prepared by a suitably qualified person and must state the market value at the date of death.
What is the cost base for a beneficiary who inherits a property?
Under Australian tax law, a beneficiary who inherits a property is generally treated as having acquired it at market value at the date of death. This market value becomes the cost base for any future CGT calculation. Having a valuation at the date of death on file now means the beneficiary is prepared when they eventually sell.
Can you work directly with the estate's solicitor?
Yes. We regularly work directly with solicitors and accountants managing deceased estates. We can provide the report directly to the solicitor or accountant, and we are happy to discuss the specific requirements of the estate with them.
What if the property was sold before a valuation was obtained?
If the property has already been sold, we can still prepare a retrospective valuation at the date of death using comparable sales evidence from that period. Contact us to discuss your specific circumstances.
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