Stamp duty valuation The value, and the transfer.
A stamp duty valuation gives the market value of a property at the date of a dutiable transaction, for lodgement with Revenue NSW. Valufield drafts it with a required duty basis section and checks it before release.
A transaction, not just a property.
The report has to say what the transaction is, not only what the property is worth.
What it is for
Common cases are a transfer between related parties, into a family trust or company, from a deceased estate, for less than market value, or a part-lot transfer after a boundary adjustment.
Who instructs it
Usually a solicitor or conveyancer for the owner, sometimes a trustee company, developer or private owner. The client lodges the report with Revenue NSW.
What it must state
The transaction and its date, why the valuation date is that date, the interest valued, the possession basis, and who may rely on the report.
A duty basis in every report.
Confirm the transaction
The valuer confirms the transaction type, transferor, transferee, relationship as advised, interest transferred and transaction date. The key facts table fills from them.
The duty basis section
A required section sets out the transaction, the date, the statutory basis, the possession basis and reliance. The general facts are stated, with no legal advice.
Fits the property
Land-only jobs such as a vacant lot or part-lot strip drop the dwelling sections. AI may suggest descriptive wording only; the value and evidence are the valuer’s.
Checked against the transaction.
The checker says BLOCK or WARN and where to fix it.
Dates line up
The valuation date must match the transaction date, or the gap must be explained. Evidence dated after the valuation date blocks.
Vacant possession
The valuation is with vacant possession, and a let property says the lease is disregarded. A value valued subject to the lease blocks.
Value kept apart from price
The report does not state the consideration, which the checker blocks. Wording that ties the value to the price or contract raises a warning.
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 drafts for your principal’s review. Whether Revenue NSW accepts a report is not something Valufield can promise.
Straight answers.
Is this limited to NSW?
The template is built around NSW transfer duty and Revenue NSW. For another state the valuer adapts the wording, and the checker is built for NSW.
Can the report be given to Revenue NSW?
The client may give a copy to Revenue NSW, but only the client may rely on it. Whether it is accepted is for Revenue NSW.
Is a stamp duty and capital gains tax job one report?
A job with both purposes is drafted as a capital gains tax report with the transferee shown. The stamp duty type is for duty alone.
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