Retrospective valuation Written as at the date.
A retrospective capital gains tax report gives the market value of a property as at a date that has already passed. Valufield drafts it from its own template and checks that nothing from after that date has crept in.
The property, as it was.
The report has to read as if it were written at the valuation date.
What it is for
The accountant uses the value as a cost base or market value substitute. Typical dates are an acquisition, a date of death, the date a home first earned income, or a financial year end.
Who instructs it
An owner, executor, company or super fund instructs it, often through an accountant or financial planner. The tax office may review it years later.
What it must state
Zoning, census, market commentary and description all belong to the valuation date. Later facts are labelled, justified or left out.
Built for the past.
Past date sends it here
A capital gains tax job marked retrospective, or with an as-at date already past, is matched to this template. The private-purpose types refuse past-date work.
Facts as at the date
The valuer confirms the zone and planning instrument in force then. Valufield can offer them from the NSW planning archive, with historical aerial photographs, for the valuer to confirm.
Basis of the retrospective valuation
A dedicated section records whether and when the property was inspected, and which records show its state at the date. AI may suggest descriptive wording only.
Nothing from later.
The checker blocks the mistakes that a find and replace from a current report leaves behind.
Dates and wording
The valuation date must be before the report date and the same everywhere, and the value statement carries it. Current valuation wording blocks.
No later data
Market commentary or census figures from after the valuation date block. A later sale must be identified, justified and kept as supporting evidence.
Inspection honesty
Words like "during my inspection" block unless an inspection took place, and then it is tied to the inspection date.
Review, then release
A second valuer peer-reviews the recorded file. Release is a separate gated step and never emails the report.
Straight answers.
Can I use the residential type for a past date?
No. The residential, desktop, kerbside, short form and rural types are for private purposes and refuse past-date work. Use this type for a past capital gains tax date.
Does it inspect the property as it was?
No. An inspection today cannot show a past state. The report records what was inspected and when, and bases the condition at the date on dated records.
Does it cover interstate jobs?
The templates are NSW-first. The checker flags NSW law in an ACT or Tasmanian report, but the valuer adapts the wording to that jurisdiction.
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