What is a property transfer valuation?
A property transfer valuation provides a value assessment for an identified property interest at a specified date. It can support the evidence needed when ownership changes between family members, partners, companies, trusts or other parties.
The ownership change is the transaction; the valuation is supporting evidence. Your solicitor or accountant should confirm why a valuation is needed, which interest must be assessed and the relevant date before Propti coordinates a quote.
Start with the ownership details
A whole-property transfer and a change in a part interest are not identical instructions. Provide the existing and proposed owners, the share being transferred and whether there are leases or other interests affecting the property.
Common enquiries involve family transfers, gifts, changes in joint ownership, trust restructures and estate matters. These circumstances do not all have the same tax treatment or evidence requirements. Ask your adviser to identify the required reporting purpose rather than assuming every transfer needs the same report.
Which valuation purpose applies?
- Stamp duty valuations address market-value evidence requested for transfer duty.
- CGT valuations address a value and date identified for capital gains tax work.
- Family law valuations are instructed for separation and property-settlement matters.
- SMSF valuations address the reporting instructions for a fund’s property interests.
A single transaction can involve more than one purpose or date. Discuss these together at the outset so the valuer can confirm whether one report can cover them or separate instructions are necessary.
Prepare the transfer valuation brief
Include the property address, title or ownership information, the proposed transaction, valuation date and intended recipients. Supply your adviser’s written instructions, relevant contracts, tenancy details and known changes to the property. Ask for the agreed scope, fee and expected timing before proceeding.
Frequently asked questions
Does a family transfer automatically avoid duty?
No. Treatment depends on the jurisdiction and transaction. Revenue NSW explains that gifts can be dutiable and some transfers may qualify for concessions or exemptions. Obtain advice for your circumstances.
Can the transfer price be used as market value?
It should not be assumed to establish market value. Tell the valuer how the price was agreed and provide the transaction documents.
Can I order before the transfer is finalised?
You can request a quote while planning the transfer. Confirm the report’s purpose and date with your adviser before the valuation work starts.