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Capital Gains Tax Valuations

For the right capital gains tax valuation for your property you have come to a company who specializes in this area.  Anderson Group valuers offer CGT valuation reports at affordable prices with quick report delivery times. Our valuations are conducted by experienced certified valuers who have access to the most current market data to derive the most accurate valuation for CGT purposes

What is Capital Gains Tax ?

Capital gains tax (CGT) is applicable to all investment real estate purchased or acquired after September 1985.  The tax is charged when you sell your property or asset and it has increased in value from the time of its acquisition.  If the value of your asset has decreased from the time you purchased to the time you sold the investment it is considered a capital loss.  Investors need to determine the increase or decrease in value of the holding period to calculate the capital gain tax implications.

NOTICE:  Non Resident and off – shore owners

Non-residents and offshore owners of Australian property have been impacted by changes in the 2012 federal budget handed down by the Labour Government. The changes which took affect at 7:30pm on the 8 May 2012, will see the 50 per cent capital gains tax (CGT) discount removed for non-resident individuals who hold interests in Australian property. Individuals impacted by the changes can still claim the CGT discount for capital gains accrued prior to 8 May 2012. We strongly recommend those affected by this change obtain a capital gains tax valuation report to mitigate rising capital gains tax requirements now being imposes on off-shore and non-resident investors.