Capital gains tax turns on values at particular dates, and the date that matters is often years in the past: the day a parent died, the day the family home first went to tenants, or a date nobody documented at the time. A retrospective valuation reconstructs the market as it stood on that day, from sales evidence of that time, and states the method so the ATO can see how the figure was reached.
The market as it stood on the day that matters.
Most of this work arrives through accountants. If yours has asked for a market valuation at a date, send the date and the property details and the rest is straightforward.
Transfer duty and related-party transfers are prepared to the same standard: where the Queensland Revenue Office expects evidence of market value, the report provides it.
- Rests on
- Market value established at the date that matters
- Accepted by
- The ATO and your accountant
- Have ready
- The key dates (purchase, first rental use, inheritance) and your accountant’s details
- Turnaround
- 5 to 8 working days from inspection; urgent timeframes by arrangement