Capital Gains Tax
A property gains tax valuation report is a document that assesses the value of a property for tax purposes in Australia. The report is important for individuals and businesses who are looking to sell or dispose of a property, as it can help them to determine how much tax they will need to pay on any capital gains made from the sale of the property.
When a property is sold or disposed of in Australia, the owner is subject to capital gains tax on any profit made from the sale. The capital gains is calculated by subtracting the cost base of the property (the original cost of the property, plus any costs associated with acquiring and holding the property) from the sale price of the property.Contact