Whether in a rural area or the city, most people are fascinated with property price movements and research the property market out of curiosity. People may be curious about historical property prices or will want to know what the retrospective price was for a specific purpose. NT Valuers often get clients coming to us wanting a retrospective property valuation. The common reasons for a retrospective valuation include: Capital gains tax;Divorce;Estate purposes;Family Law;Litigation.
When you own an investment property a retrospective property valuation is essential so that you can accurately calculate your capital gains tax liabilities. A retrospective property valuation will help you determine the increase or decrease in the property’s price between particular dates.
Importance of a retrospective property valuation
It is crucial to get a retrospective property valuation and can save you thousands of dollars in capital gains tax. Getting a retrospective property valuation is a minor cost that ensures you will pay the correct tax rate at the end of the financial year. Not overpaying tax means you can spend your money on things that you want to such as your property renovations or reducing your mortgage. If you have a mortgage.
Retrospective calculation methods
NT Valuers property valuers are qualified valuers who utilise their research skills to provide you with an accurate property valuation. They will conduct extensive research into the previous market conditions, prices of comparable properties in the area, historical rents, photographs and any renovations that may have been completed on the property. To obtain this information our valuers will take advantage of information available on reliable and credible property databases. Using these databases means that the final valuation figure that our valuers arrive at is an accurate indication of what the property is worth.
Why choose NT Valuers?
NT Valuers has been valuing properties for more than 20 years and we only employ valuers that have a minimum of 15 years local valuation experience. We are diligent in our property valuation approach and hold Australian Property Institute (API) membership. We also ensure that all of our property valuers have the industry recognised valuations. Before we send your valuation report to you, the valuation is checked by our quality control team giving you assurance that it is a true and accurate representation of the retrospective value.
To get the retrospective property valuation process started give us a call on (08) 8911 1505.