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Transfer Duty Capital Gains Valuations

Streamline Property Transfers with Professional Transfer Duty Valuations

Transfer Duty (formerly known as stamp duty) is a State Government Tax payable to the State Revenue Office (SRO) aka Revenue NSW when the ownership of a property is transferred from one party to another. A transfer duty valuation is compulsory when transferring proprietorship among related parties or where the property is being transferred into a superannuation fund or other trusts and lawful entities.

Transfer Duty is calculated as a percentage of the purchase price or the market value of the property, whichever is greater.

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When will you pay Transfer Duty?

  • Transferring ownership of a property to a purchaser.

  • A joint owner may want to remove an owner from the title where a property was purchased together.

  • A property owner transfers a property to his / her SMSF.

  • Parents selling a property to their child.

  • Husband or wife transfers property in his or her name to the spouse to be jointly owned.

  • Sibling transferring his or her share of a property to another sibling.

Solicitors and conveyancers often require a transfer duty valuation for their clients. At HPC Property, we have been providing solicitors, conveyancers and private clients with reliable and affordable transfer duty valuations and valuations for capital gains for tax purposes for nearly two decades. We have been involved with valuing residential and commercial properties and gained vast knowledge and expertise when it comes to the valuation process. 

Our team of experienced professionals understand the needs of the client and provide transfer duty valuations within two business days. Moreover, transfer duty valuation reports are fully compliant with Revenue NSW. The Australian Property Institute has accredited our valuers (API). So, you can rely on us to provide professional transfer duty valuation reports in a timely manner while ensuring that tax risks are reduced.

Capital Gains Taxation

In calculating CGT, determining the market value of the property is essential. Only property valuers can provide this market valuation.

When will you pay CGT?

  • Renting out your former principal place of residence will trigger the need to pay CGT, so it is advisable to obtain a market valuation at the time the property is first made available for rent as an investment property.

  • Gifting a property also triggers the need to pay CGT.

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Self-Managed Super Fund (SMSF)

A Self Managed Super Fund is a privately owned super fund that is managed by yourself. It is separate to industry funds and allows you to pay superannuation into your own fund for self-managed use.

There are many rules and regulations surrounding the use of your self managed super funds and it is critical to understand these rules before making any purchasing or usage decisions.

Examples of SMSF Uses

  • Property Purchase

  • Shares Investment

  • Term Deposits & Cash

  • Managed Funds

Deeds of Partition

A Deed of Partition is defined as transferring of proprietorship of existing property held by co-owners (as joint tenants or tenants in common). Joint tenants respectively own the entire property together, whereas tenants in common individually own part of the property.

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Simple & Efficient

HPC Property is one of the leading names when it comes to transfer duty valuations and valuations for capital gains for tax purposes due to our straightforward and efficient approach. We believe in keeping things simple and delivering satisfactory results. We believe in client satisfaction and always do our best to ensure that transfer duty valuations are up to the mark. We have worked with numerous industrial, commercial as well as government clients.

Usually, transfer duty valuations can be completed within two business days. However, unique real estate, prestige homes and commercial properties may require a few extra days. In case of emergency situations, we will process it as a priority. Our valuers perform a prompt inspection of the property and provide a transfer duty valuation report to you or your nominated conveyancer or solicitor.

Contact Us

HPC Property Group is qualified and capable of providing valuations for both transfer duty & capital gains for tax purposes. HPC Property Group Pty Ltd is the one-stop destination for transfer duty valuations and valuations for capital gains for tax purposes in Sydney. You can make a request for a report or quote through our website. Our highly- knowledgeable team is always eager to address all your queries and provide genuine answers. You can reach out to us by filling out the form on our website, giving us a call at 0297050546 or writing to us at valuations@hpcv.com.au.

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