Information Links

CAPITAL GAINS TAX PROPERTY VALUATIONS

Australian Taxation Office (ATO) 1 July 2027 tax reform new legislation link:

Tax reform - Boosting home ownership - Reforming negative gearing and capital gains tax

When is a formal property valuation required for Capital Gains Tax purposes? The link to the free online library from the ATO website below provides the most direct answers to this.

ATO MARKET VALUATION FOR TAX PURPOSES

Market Valuation for tax purposes

SLR Valuations recommends you contact the ATO, your accountant or tax agent for any further clarification.

DECEASED ESTATE PROPERTY VALUATIONS

When is a property valuation required?

Executors of deceased estates

Tax and deceased estates

FAMILY LAW PROPERTY VALUATIONS

What is a property valuers role as an expert witness for a family law property valuation?

Federal Circuit and Family Court of Australia

Expert witnesses in family law

PRE-PURCHASE PROPERTY VALUATIONS

What is one of the most important safeguards when purchasing a property?

Independent advice from a property valuer

Property valuations for Buyers

PRE-SALE PROPERTY VALUATIONS

What is one of the most important safeguards when selling a property?

Before you put your home on the market

Getting a property valuation for Sellers

PROPERTY TRANSFER VALUATIONS

When are property transfer valuations required:

Queensland Revenue Office

Residential property transactions: when are valuations required, when are valuation costs to be passed on (Public Ruling DA505.1.2)

Non-residential land toolkit

PROPERTY VALUATIONS FOR SELF-MANAGED SUPER FUNDS

Valuation guidelines for self-managed super funds

Market valuation of assets

REINSTATEMENT VALUATION FOR A BODY CORPORATE

Insurances for a Body Corporate

Building insurance and valuation

ROYAL INSTITUTION OF CHARTERED SURVEYORS (RICS)

Leading professional valuation body with a heritage with over 150 years

RICS Valuation - Global Standards (‘Red Book’)

“The Red Book is issued by RICS as part of our commitment to promote and support high standards in valuation delivery worldwide. The publication details mandatory practices for RICS members undertaking valuation services. It also offers a useful reference resource for valuation users and other stakeholders.”

Current edition effective 31 January 2025

RICS Valuation - Global Standards: Australia national supplement

Current supplement issued 6 November 2025

Australia

Source: www.rics.org

VALUER REGISTRATION BOARD QUEENSLAND

“Established in 1965 to regulate Queensland’s property valuation profession”

Guidelines for Registration as a Valuer in Queensland‍ ‍

The VRBQ Guidelines for Registration are a 9-page document detailing the legal, educational, and practical requirements for becoming a valuer in Queensland.

Difference between a Valuation and an Appraisal

“In Queensland, valuations of real property can only be legally undertaken by a valuer who is appropriately registered under the Valuers Registration Act 1992 (VRA). A legally prepared valuation provides an unbiased and independent assessment of value that can be relied on for financial decisions, legal or statutory requirements. Valuation includes an assessment of a rental value.”

“To practice as a registered valuer an individual has attained tertiary education qualifications and work experience to be competent to practice as well as being of good fame and character. Where a valuation is undertaken for a financial decision, a legal or statutory requirement by any person, company, or enterprise not registered as a valuer this will be in contravention of the VRA.”

“An appraisal, on the other hand, provides a broad estimate of the potential sale price or rent applicable to a property. It is standard practice for a real estate agent to provide an estimate of the sale price or rent applicable to a property to provide information to buyers, sellers, and tenants. This is not a property valuation and cannot be relied upon as a basis for a financial decision, legal or statutory requirement.”

Source: vrbq.qld.gov.au

Do you require a formal valuation?