Capital Gains Tax Valuations

Capital Gains Tax (CGT) applies to all investment real estate acquired or purchased after 20 September 1985. You will incur a CGT when your property or asset is sold at a higher value than when you purchased it for. On the other hand, if your property is now worth less than it was at the time you acquired it, it is considered a capital loss. The increase or decrease in value over time will ultimately determine the tax implications from the sale.

Our experienced and registered Valuers can produce a CGT report that accurately identifies the capital increase or decrease of your property. These valuations can either be completed in line with Current Market Value or in instances where a client may realise an investment property may need to be valued well after the event, a Retrospective Valuation can be undertaken.

Everyone wants to make as much profit as possible upon the sale of a property. Thus, it would be frustrating to learn that you have paid more tax than you needed to based on an inaccurate valuation. At Blanco Property Group, not only are we completely updated on tax regulations, our attention to detail, industry experience and most up to date market evidence ensures the reports we produce are 100% accurate. We are completely independent to the sale, so we will always work to ensure a precise CGT figure is calculated.

As Capital Gains Tax can be quite a complex area, Blanco Property Group recommend seeking advice from your accountant, financial advisor or ATO before booking in a valuation, as it is important to gain the relevant date/s of valuation.

Our Adelaide & Melbourne based Valuers are highly skilled and experienced in delivering Property Valuations for Capital Gains Tax purposes which are approved by the Australian Taxation Office. Call today to learn how we can help you.

Stamp Duty Valuations

Stamp Duty is a compulsory fee that must be paid whenever there is a transfer of property ownership between parties. When the sale of a property is transferred privately between related or known parties and is usually not listed on the open market – a Property Valuation must be completed to determine the correct amount of Stamp Duty requiring payment, based on the current market value of the property.

As the property is often sold for less than market value when the transaction occurs between relatives, for example, a Stamp Duty Valuation will ensure the true value of the property is accepted by the State Revenue Office (VIC) and Revenue SA.

Stamp Duty Valuations are necessary in situations where:

  • Non market transactions are being settled
  • Property is sold and transferred between family members or friends
  • Property is transferred to a Self-Managed Super Fund or trusts

Stamp duty is an expensive tax, so it is crucial that you enlist the help of an experienced Property Valuer to ensure you are not left out of pocket. At Blanco Property Group, our team are experts in Stamp Duty Valuations, and will ensure that all reports are prepared to satisfy Government requirements.

Self Managed Super Fund Valuations

If you manage your own superannuation fund, you might be aware that you are required to update the value of assets in your fund on a regular basis. Our team can provide both Current Market Value or Retrospective Values of property assets, including residential, commercial, prestige residential, industrial, retail, rural and mixed-use. An independent Valuer should be engaged to complete the valuation to ensure it is 100% objective.

It is important the Valuer you choose to carry out your SMSF property valuation is accredited, and provides data backed by evidence. A free appraisal conducted by a real estate agent cannot legally be considered a proper valuation.

Enlisting an experienced and accredited valuer at Blanco Property Group will ensure you avoid unnecessary auditing issues from the ATO. We are skilled and experienced in conducting valuations for Self-Managed Super Funds, giving you complete confidence in the accuracy and impartiality of our service.

Financial Reporting Valuations

Whether you’re a listed or non-listed entity, you will likely need to undertake a Financial Reporting Valuation. We provide accurate valuations and advice to stakeholders amongst rapidly changing markets in accordance with Australian Accounting Standards Board (AASB 13) which refers to the Fair Value Measurement.

Fair Value is:

“The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.”

Blanco Property Group have nearly two decades of experience in completing Valuations for Financial Reporting purposes which meet the requirements of the International Financial Reporting Standards (IFRS). With skilled Valuers located in Adelaide & Melbourne, get in touch with us today to see how we can assist you.

Centrelink or Asset Test Valuations

Asset Test Valuations are used when one needs to accurately determine the value of their property. This is commonly required when applying to access Centrelink, where proof of your property’s asset value is required.

This type of valuation can be presented to Centrelink as a formal record of your assets, which may or may not have an impact on your eligibility or payment amounts. By choosing an independent property Valuer, you can ensure your Asset Test Valuation will be accurate and objective.

We will walk you through the report to ensure you know exactly what Centrelink will require when it comes time to present your data. If at any time you require further clarification, we will happily provide after-service support.

For fast and precise Asset Test Valuations in Adelaide or Melbourne, contact Blanco Property Group today.

Tax Depreciation Schedules

Blanco Property Group have formed a strategic partnership with a National Tax Depreciation firm to provide Tax Depreciation Schedules for our clients.

A Tax Depreciation Schedule comprehensively outlines the building costs and asset values of a property. Further, it provides an annual value for their depreciation due to age and general wear and tear. The figures outlined in the report can be used by your accountant when calculating your tax return. Alternatively, if you complete your tax return independently, you can use the figures from your Tax Depreciation Schedule in the rental property area of the ATO tool.

The Tax Depreciation Schedule is an ATO compliant report that is designed to reduce your taxable income and thus, save you money! You only need one report per investment property in your ownership, and the Tax Depreciation Schedule itself is completely tax deductable.

While your accountant may offer to calculate property depreciation on your behalf, they are not recognised by the ATO as qualified to estimate asset values and construction costs.

We are so confident that if the total of the capital loss and annual depreciation are not more than 4 times the cost of our service, we will refund your full fee.

We will provide FREE updates – if you decide to upgrade any fixtures and fittings throughout your ownership, we will update your report for free to ensure the maximum deductions are being claimed and your report remains compliant with the Australian Tax Office.

We carry out detailed internal inspections – our fee includes a detailed inspection to ensure that all items are maximised for eligible deductions.

For accurate and qualified tax depreciation schedules, contact Blanco Property Group today! Servicing property owners in Adelaide and Melbourne.

Immigration Valuations

When you apply for an Australian permanent residency, citizenship or temporary visa, you may be asked to provide a current market or retrospective valuation on any residential or commercial properties currently in your ownership.

Blanco Property Group offer Current Market or Retrospective Valuations for Immigration purposes. Our reports are comprehensive, yet easy to understand, and meet all requirements outlined by the Department of Immigration and Citizenship, Foreign Investment Review Board and Australian Taxation Office.

For Immigration Valuations in Adelaide or Melbourne, contact Blanco Property Group today!

Capital Gains Tax Valuations

Capital Gains Tax Valuations

Capital Gains Tax (CGT) applies to all investment real estate acquired or purchased after 20 September 1985. You will incur a CGT when your property or asset is sold at a higher value than when you purchased it for. On the other hand, if your property is now worth less than it was at the time you acquired it, it is considered a capital loss. The increase or decrease in value over time will ultimately determine the tax implications from the sale.

Our experienced and registered Valuers can produce a CGT report that accurately identifies the capital increase or decrease of your property. These valuations can either be completed in line with Current Market Value or in instances where a client may realise an investment property may need to be valued well after the event, a Retrospective Valuation can be undertaken.

Everyone wants to make as much profit as possible upon the sale of a property. Thus, it would be frustrating to learn that you have paid more tax than you needed to based on an inaccurate valuation. At Blanco Property Group, not only are we completely updated on tax regulations, our attention to detail, industry experience and most up to date market evidence ensures the reports we produce are 100% accurate. We are completely independent to the sale, so we will always work to ensure a precise CGT figure is calculated.

As Capital Gains Tax can be quite a complex area, Blanco Property Group recommend seeking advice from your accountant, financial advisor or ATO before booking in a valuation, as it is important to gain the relevant date/s of valuation.

Our Adelaide & Melbourne based Valuers are highly skilled and experienced in delivering Property Valuations for Capital Gains Tax purposes which are approved by the Australian Taxation Office. Call today to learn how we can help you.

Stamp Duty Valuations

Stamp Duty Valuations

Stamp Duty is a compulsory fee that must be paid whenever there is a transfer of property ownership between parties. When the sale of a property is transferred privately between related or known parties and is usually not listed on the open market – a Property Valuation must be completed to determine the correct amount of Stamp Duty requiring payment, based on the current market value of the property.

As the property is often sold for less than market value when the transaction occurs between relatives, for example, a Stamp Duty Valuation will ensure the true value of the property is accepted by the State Revenue Office (VIC) and Revenue SA.

Stamp Duty Valuations are necessary in situations where:

  • Non market transactions are being settled
  • Property is sold and transferred between family members or friends
  • Property is transferred to a Self-Managed Super Fund or trusts

Stamp duty is an expensive tax, so it is crucial that you enlist the help of an experienced Property Valuer to ensure you are not left out of pocket. At Blanco Property Group, our team are experts in Stamp Duty Valuations, and will ensure that all reports are prepared to satisfy Government requirements.

Self Managed Super Fund Valuations

Self Managed Super Fund Valuations

If you manage your own superannuation fund, you might be aware that you are required to update the value of assets in your fund on a regular basis. Our team can provide both Current Market Value or Retrospective Values of property assets, including residential, commercial, prestige residential, industrial, retail, rural and mixed-use. An independent Valuer should be engaged to complete the valuation to ensure it is 100% objective.

It is important the Valuer you choose to carry out your SMSF property valuation is accredited, and provides data backed by evidence. A free appraisal conducted by a real estate agent cannot legally be considered a proper valuation.

Enlisting an experienced and accredited valuer at Blanco Property Group will ensure you avoid unnecessary auditing issues from the ATO. We are skilled and experienced in conducting valuations for Self-Managed Super Funds, giving you complete confidence in the accuracy and impartiality of our service.

Financial Reporting Valuations

Financial Reporting Valuations

Whether you’re a listed or non-listed entity, you will likely need to undertake a Financial Reporting Valuation. We provide accurate valuations and advice to stakeholders amongst rapidly changing markets in accordance with Australian Accounting Standards Board (AASB 13) which refers to the Fair Value Measurement.

Fair Value is:

“The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.”

Blanco Property Group have nearly two decades of experience in completing Valuations for Financial Reporting purposes which meet the requirements of the International Financial Reporting Standards (IFRS). With skilled Valuers located in Adelaide & Melbourne, get in touch with us today to see how we can assist you.

Centrelink or Asset Test Valuations

Centrelink or Asset Test Valuations

Asset Test Valuations are used when one needs to accurately determine the value of their property. This is commonly required when applying to access Centrelink, where proof of your property’s asset value is required.

This type of valuation can be presented to Centrelink as a formal record of your assets, which may or may not have an impact on your eligibility or payment amounts. By choosing an independent property Valuer, you can ensure your Asset Test Valuation will be accurate and objective.

We will walk you through the report to ensure you know exactly what Centrelink will require when it comes time to present your data. If at any time you require further clarification, we will happily provide after-service support.

For fast and precise Asset Test Valuations in Adelaide or Melbourne, contact Blanco Property Group today.

Tax Depreciation Schedules

Tax Depreciation Schedules

Blanco Property Group have formed a strategic partnership with a National Tax Depreciation firm to provide Tax Depreciation Schedules for our clients.

A Tax Depreciation Schedule comprehensively outlines the building costs and asset values of a property. Further, it provides an annual value for their depreciation due to age and general wear and tear. The figures outlined in the report can be used by your accountant when calculating your tax return. Alternatively, if you complete your tax return independently, you can use the figures from your Tax Depreciation Schedule in the rental property area of the ATO tool.

The Tax Depreciation Schedule is an ATO compliant report that is designed to reduce your taxable income and thus, save you money! You only need one report per investment property in your ownership, and the Tax Depreciation Schedule itself is completely tax deductable.

While your accountant may offer to calculate property depreciation on your behalf, they are not recognised by the ATO as qualified to estimate asset values and construction costs.

We are so confident that if the total of the capital loss and annual depreciation are not more than 4 times the cost of our service, we will refund your full fee.

We will provide FREE updates – if you decide to upgrade any fixtures and fittings throughout your ownership, we will update your report for free to ensure the maximum deductions are being claimed and your report remains compliant with the Australian Tax Office.

We carry out detailed internal inspections – our fee includes a detailed inspection to ensure that all items are maximised for eligible deductions.

For accurate and qualified tax depreciation schedules, contact Blanco Property Group today! Servicing property owners in Adelaide and Melbourne.

Immigration Valuations

Immigration Valuations

When you apply for an Australian permanent residency, citizenship or temporary visa, you may be asked to provide a current market or retrospective valuation on any residential or commercial properties currently in your ownership.

Blanco Property Group offer Current Market or Retrospective Valuations for Immigration purposes. Our reports are comprehensive, yet easy to understand, and meet all requirements outlined by the Department of Immigration and Citizenship, Foreign Investment Review Board and Australian Taxation Office.

For Immigration Valuations in Adelaide or Melbourne, contact Blanco Property Group today!

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