Do you need to know the value of your house or investment property?
Home or House Valuation? We provide quick and accurate house valuations in the Sydney area. If you need to know the value of your home, house or investment property then call us today for a chat. Our prices start from just $170.00 and we will better any written quote for a valuation by a further 10% of our already discounted price. Call us now.
Capital Gains Assessments
CGT is the tax payable on capital gains from the sale of an investment property acquired after September 19, 1985. You may be liable for CGT if your capital gains exceed your losses. Gifting a property also triggers a CGT event.
Determining Market Value of the property is essential in calculating CGT. Professionally qualified valuers can provide this market valuation. Arrow Property Valuations is ideally placed to undertake valuations for Capital Gains Tax Purposes whether it is a current Market Valuation required or a retrospective Market Valuation.
NEW IMPORTANT LEGISLATION FROM THE AUSTRALIAN TAXATION OFFICE FOR NON-RESIDENTS AND EXPATRIATES
The Federal Government has amended the Capital Gains Tax rules effective from the 8th May 2012. What this means is that all non-residents and expatriate will have two choices:
- Pay 100% Capital Gains Tax on the full amount of any capital gain made on the sale of their Australian investment property; or
- Engage a certified practicing valuer to obtain a market valuation of the property as at 8th May 2012 and claim 50% Capital Gains discount concession.
The consequence of these changes is that non-residential taxpayers are likely to be taxed at 100% instead of the previous 50%.
It is imperative that all your clients that wish to sell their property either now or in the future be aware of these changes and organize a registered property valuer to value their investment property as at 8th May 2012
Deceased estates and probate property valuations can often cause disputes between beneficiaries. These properties are often well advertised by the agent or trustees etc, as ‘Deceased Estates’. It is, therefore, no surprise they are well monitored by many opportunists. It is not until months or even years later that the beneficiaries may learn the true value of the property. Probate Valuations can be backdated to Date of Death.
Family Law Court Valuations/Litigation Assessments
Family Law Property Valuations can be one of the most sensitive property transactions. Whether it is a deceased estate (probate), separation, internal family share buy-out or sale of a family property where each party has an interest, an independent property valuation should always be conducted.
Many disputes arise after the property transaction, when it is discovered one party may have significantly benefited more than another. These situations can be avoided by obtaining an independent current market valuation prior to the sale or purchase of a property or a property transfer or transaction.
We are qualified in Expert Evidence for legal matters requiring a single parties report, or the services of an Expert Witness in valuation matters and litigation. We are Associate Members of the governing body the A.P.I (Australian Property Institute) and bound by a strict code of ethics.
Rental Assessments and Determinations
We provide valuation and negotiation expertise in rental assessments. We advise on rental values and lease terms for all forms of real estate and negotiate on behalf of our clients in rent reviews, new leases, lease variations and rental disputes. We can also advise on the property value implications of adopting alternative leasing and rental strategies.
A pre-sale valuation gives you a single figure, a starting point you can compare with prospective listing agents appraisals or just assess the current equity you have in your house or unit.
Before you put an offer on your dream house or unit, it’s in your best interest to get a pre-purchase valuation. Majority of people get a pest inspection and building inspection before they purchase, which is recommended, but the most important thing is the price, then the property’s state of repair, or what you may have to spend to get the property up to scratch. This is especially important when entering a private sale negotiation. For peace of mind, why pay over current market value? A pre-purchase valuation is commonly used a negotiation tool between parties.
Arrow Property Valuations can provide the appropriate Retrospective Valuations, eg. 1st January 2006 for you, whatever the situation. current or backdated. Arrow Property Valuations can value your property “as is” or retrospectively for any purpose.
Rating and Taxing Objections
If landowners or lessees are not satisfied with the valuation assessment used to calculate their rates or land tax, they can have their valuation formally reviewed by lodging an objection.
There is a limited timeframe in which an objection can be lodged, and Arrow Property Valuations can be engaged to review valuations used for rating purposes to determine whether an objection is warranted.
In the instance that there is an error in the rating figures, Arrow Property Valuations can be engaged to conduct a review valuation, assist the landholder with the objection process or even completely manage the entire objection process.
Properties that are the subject of insolvency often include unusual asset classes, partially incomplete developments or properties where there is an oversupply within the market. Insolvency valuations therefore require a heightened level of expertise and understanding of the particular property in question. Our experts carefully consider these matters in preparing insolvency valuations. In addition we carefully consider the length of time that is likely to take to sell the property in the context of the definition of ‘Market Value’ versus ‘Forced Sale Value’.
In cases where one may need their property to be used as security for the release of an individual on bail, a valuation can be undertaken to confirm the value of the property to be used as bail security.
- Capital Gains Assessments
- Deceased Estate
- Family Law Court Valuations/Litigation Assessments
- Rental Assessments and Determinations
- Pre-purchase/Pre-Sale Valuations
- Retrospective Valuations
- Rating and Taxing Objections
- Bankrupt Estate
- Bail Security