Capital gains tax valuation Written to stand on its own.
A current-date capital gains tax report gives the market value of a property at a date at or close to inspection, usually for the owner’s accountant. Valufield drafts it from your template and checks it before it leaves the office.
One value, one date.
The report is read later by an accountant, and the tax office may look at it years on, so it has to explain itself.
What it is for
The accountant uses the market value in a capital gains tax calculation. Common cases are a cost base when a home first earns income, a transfer between related parties, or a record of value at a date the accountant names.
Who instructs it
The owner instructs it, usually through their accountant, and passes the report on. It is signed by the valuer in the first person.
What it must state
It defines market value, uses one valuation date throughout, and records why the date matters as advised by the client, with a line that no tax advice is given.
Facts first, then the draft.
Confirm the facts
The valuer confirms the instruction date, purpose, title details and inspection date. The template fills from those and from your firm settings.
Start from the template
It has an executive summary, a basis of value and tax context section, then zoning, locality, land, improvements, sales evidence and the certificate.
Large land, extra sections
Where land is over two hectares, the template adds a land area summary and a main residence apportionment. AI may suggest wording for descriptive sections only; the value and sales evidence stay with the valuer.
Blocks to fix, warnings to weigh.
The checker reads the draft and says BLOCK (must fix) or WARN (look and decide), with where to fix it.
Dates agree everywhere
A different valuation date in any section blocks the report, as does an evidence date after the valuation date.
Sales shown in writing
Comparable sales must be in the text, not only a pasted image, and each rating needs a reason. A block means the draft stops until it is fixed.
Apportionment adds up
The exempt dwelling area cannot exceed two hectares, and the exempt and excess areas must add up to the land area.
Review, then release
A second valuer peer-reviews the recorded file. Release is a separate gated step and never emails the report.
The templates are NSW-first and drafts for your principal’s review. Keeping to professional standards and any insurer or tax requirements stays with the firm.
Straight answers.
Does the report give tax advice?
No. It records the reason for the valuation date as advised by the client and says no tax advice is given. How the value is used is for the accountant.
What if the valuation date is in the past?
A past date is a different report type, with its own rules for evidence and wording. See the retrospective capital gains tax page.
Does Valufield decide the value?
No. The value, sales evidence, adjustments and certificate are the valuer’s alone, and the database refuses them to AI.
See it on a job like yours.
Tell us about your firm and we will show you Valufield on your kind of work, including what is released today and what is still in build. The form takes about a minute, and a person replies.
- We reply to arrange a time.
- We walk through the product on your kind of work.
- You decide, with no obligation.
Rather email? support@valufield.com.au