When might you need a CGT property valuation?
A CGT-purpose valuation supplies evidence of market value at a date relevant to a tax calculation. Start by asking your accountant whether a market value is needed and which date and ownership interest should be assessed.
The ATO requires a market valuation to be objective and supportable when tax law requires one. A related-party transaction or change in property use is a reason to seek advice; it does not mean the same valuation rule applies to every transaction.
Separate the tax question from the valuation brief
- Accountant: confirms the tax event, relevant dates and tax treatment.
- Valuer: assesses the instructed interest and market evidence, explaining assumptions and limitations.
- Propti: coordinates the enquiry, quote and reporting arrangements.
Do not choose the valuation date simply because it is the date you want the report delivered. If two dates may matter, ask your accountant to clarify whether one or separate assessments are required.
Prepare a dated evidence file
Provide the address, ownership details and written instructions. For a historical assessment, gather photographs, floor plans, leases, condition reports and renovation records relevant to that date. Separate later improvements so they are not mistaken for features present at the time.
Example: a renovation after the required date
Hypothetical preparation example. An accountant requests a value at 30 June 2021. The owner extended the house in 2023. The briefing file should identify the extension as later work and include plans or photographs showing the earlier building. The example illustrates evidence preparation, not a tax rule or an assessed value.
Who needs to prepare the valuation?
Confirm the applicable tax provision and evidence requirements with your adviser. Avoid assuming every tax valuation legally requires the same professional or report format. A property valuer can prepare a reasoned assessment for the agreed assignment, but professional preparation does not guarantee the ATO will accept every conclusion.
Frequently asked questions
Can I obtain a valuation for a past date?
A retrospective valuation assesses a historical date using the available evidence. Tell the provider how far back the assessment goes and which records you hold.
Does a CGT valuation calculate my tax?
No. The valuation provides an opinion of value; your accountant applies the relevant tax rules and other information to calculate your position.
Can I reuse an old lending report?
Ask its author and your accountant to check the date, purpose, interest valued and reliance restrictions before using it for a different assignment.
Sources and further reading
- ATO: Market valuation for tax purposes — Tax valuation evidence, purpose and documentation.
Arrange the right report
Explore cgt valuations with Propti. Send the property address, purpose, required date and recipient’s instructions when you request a property report quote.