495 Pacific Highway
Crows Nest NSW 1585
|What exactly is a stamp duty valuation report?|
|Stamp duty is the name of 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 property is being transferred into a superannuation fund or various other trusts and legal entities. The stamp duty tax is then payable 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. Stamp duty valuation reports contain information on the physical attributes of the property, current market sales evidence and professional interpretation 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 the office of state revenue requires a stamp valuation report, which must be conducted by a registered property valuer. The amount of stamp duty tax you pay 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 and company and trust entities. Our valuers are experienced in providing stamp duty valuations for the office of state revenue and have access to the proper property research databases so we can find the most relevant market sales for stamp duty purposes and have all the necessary details to form a professional and accurate opinion.|
Latest Property News
Major Role Of Conveyancing In Buying And Selling Of A Property
The process of buying of a new property is very exciting you will be requiring some of the straight forward advices for the purchase of various kinds of properties. Along with it there is also a requirement of various types of legal laws and advices to get the required property with complete ease and satisfaction. Conveyancing in Sydney has turned out to be very simple and easy with the help of the Enact Conveyancing Sydney as it has been providing some of the very unique and personalized services that have been related with the work of Conveyancing throughout the Sydney.
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