Capital Gains Tax is a federal property tax calculated on the gain/loss in the value of property for the duration of time the asset was considered an ‘investment property’. The amount of tax calculated is based on the valuation difference between the date the property became an investment property and the valuation as at the date it was sold or become owner occupied. The tax is declared on the financial year the property is sold.

Family Law valuations may be required for property asset or financial re-structuring in the case of a family separation or divorce. We showcase understanding and delicacy to what can be a challenging situation, completing our valuations with accuracy in a time efficient manner, in compliance with the Family Law Rules 2004 and Federal Court.

Our real estate valuations for financial reporting purposes can be utilised for data keeping by various financial professionals including accountants, financial advisors, legal, banking and finance professionals. We ensure that our valuation approaches are specific and relevant to the asset type, and our compliant with API and International Valuation Standard (IVS).

Valuation reports for litigation purposes assist in the instance of a dispute between two or multiple entities. Our reports are prepared for court purposes with impartiality, accuracy and detail. We exercise ultimate professionalism and objectivity throughout the process so that you can ensure you have trust in Ascend to advise accordingly, when a valuation is referred to a court, tribunal or negotiation process.

Whether you are an existing owner thinking of selling or a prospective purchaser looking to buy, we provide timely pre-sale valuations for either side. We provide pre-purchase valuation advise for both listed on market sale listings, as well as off market transactions.

In instances whereby real estate is purchased privately, without the intervention of an estate agent, a property valuation is required for Stamp Duty purposes. These circumstances can include family related transactions, property purchased through an associated individual/entity or property purchased at a discounted sale price. Our valuers undertake an appraisal of the property either currently or retrospectively, based on a hypothetical ‘arms-length’ sale.

Property investment within a Self-Managed Super Fund can provide financial benefits for those investing in their retirement. To meet ATO compliance, SMSF’s are audited by an approved auditor on an annual basis, and therefore financial accounts and statements must be prepared each year. This includes the market valuation of the property asset held within the SMSF, which can be provided to assist the auditor sign off on the statements.