Stamp Duty Valuations

What is a stamp duty valuation report?

Stamp duty is the tax payable upon transfer of ownership of an asset between two or more parties. A stamp duty valuation is required when transferring ownership between related parties or where the property is being transferred into a superannuation fund or various other trusts and legal entities.

The stamp duty tax payable is based on the valuation report provided by a registered valuer. Often a property is sold between related parties and is significantly below market value in which case you will need to have a stamp duty valuation to determine market value. These reports contain information on the physical attributes of the property, current market sales evidence and valuation rationale.

Why do I need a Stamp Duty Valuation and is it compulsory?

When there is a transfer of ownership in a property between related parties/entities the Office of State Revenue (OSR) will require a stamp valuation, which must be conducted by a registered property valuer. The amount of stamp duty payable depends on which state the property is located in and the valuation amount reported by the valuer.

Why choose us for your stamp duty valuation?

Stamp duty is an expensive tax!  Therefore an accurate valuation is paramount to make sure you do not pay more tax than you need to. We conduct stamp duty valuations for a host of clients including solicitors, conveyancers, accountants and private clients. Central Coast Property Advisory Service has vast experience in providing stamp duty valuations for the Office of State Revenue.