What is a retrospective property valuation?
A retrospective property valuation determines the market value of a property at a specific past date, not today. Commonly required for Capital Gains Tax, family law settlements, probate, and estate matters, retrospective valuations use historical market data and comparable sales to reconstruct a property's value at a critical date. Learn how they work, when you need one, and why certified valuers are essential for Sydney and Melbourne properties.
CGT valuations for inherited property in Sydney and Melbourne
Inheriting property in Sydney or Melbourne often comes with Capital Gains Tax (CGT) obligations when you eventually sell. To calculate your tax correctly, the ATO requires a market value at a specific date—often the date of death. This article explains when you need a retrospective CGT valuation for inherited property, how the valuation process works for deceased estates, and why using a certified valuer protects you from paying more tax than necessary.