Taxation & Accounting

Valuations are sometimes required by accountants and individuals to assist with various taxation and accounting issues. Examples include:

  • Setting an asset value for assets in a company, trust or superannuation fund
  • Determining values for capital gains tax (e.g. where a property was both owner-occupied and rented out during a period of ownership CGT is payable on the period where it was rented)
  • Split between the residential and business components of a property to enable correct allocation of expenses to the business and calculation of CGT
  • Establishing a value for stamp duty, CGT or other purposes where a property is transferred for less than market value (e.g. between family members).