Why might a transfer need valuation evidence?
A stamp duty valuation supports the property value used for a transfer duty assessment. The required evidence depends on the state or territory and the transaction. Ask your solicitor or conveyancer to confirm the requirements before choosing a report.
Start with the jurisdiction and transaction
Tell the provider where the property is, what interest is being transferred, the parties’ relationship, the proposed consideration and the relevant date. Gifts, related-party dealings and transfers of a partial interest deserve specific instructions rather than an assumption that contract price answers every question.
NSW and Victoria: check the applicable guidance
Revenue NSW’s evidence-of-value ruling sets out its evidence requirements. Do not assume a desktop report or agent appraisal will be sufficient for your transaction.
Victoria’s State Revenue Office describes circumstances requiring independent valuations and the detail expected. It may reject reports prepared for other purposes where their limitations make them unsuitable.
These are jurisdiction-specific starting points, not a national rule. For another state or territory, have your adviser provide the relevant revenue-office instructions with the enquiry.
A useful briefing checklist
- Full property address and title or lot details.
- State or territory and the duty assessment purpose.
- Full ownership or the particular interest being transferred.
- Required valuation date, transaction documents and deadline.
- Written revenue-office or adviser instructions.
- Property access, leases, plans and known recent changes.
When CGT and stamp duty both need attention
A transfer can raise more than one reporting question. Ask the accountant and conveyancer to confirm their requirements separately. One report should not be assumed suitable for both purposes without the valuer agreeing the scope and permitted reliance.
Frequently asked questions
Does a stamp duty valuation calculate the duty payable?
No. It provides valuation evidence for the agreed purpose. Your adviser deals with the duty calculation, concessions and exemptions.
Who must prepare the report?
Follow the relevant jurisdiction’s requirements for the transaction, including qualifications, independence, inspection and reporting detail. Propti can help coordinate a quote once those instructions are clear.
Is a report automatically accepted?
No. The relevant authority can review the evidence and ask for clarification or further information.
Sources and further reading
- Revenue NSW: Evidence of value, DUT 012 version 4 — NSW evidence and inspection requirements; other jurisdictions have their own rules.
- SRO Victoria: Valuation of land for duty purposes — Victorian valuation requirements and limitations of reports prepared for another purpose.
Arrange the right report
Explore stamp duty valuations with Propti. Send the property address, purpose, required date and recipient’s instructions when you request a property report quote.