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Stamp Duty Property Valuations

At Adelaide Property Valuers Metro, we are the leading property valuation firm able to offer independent and accurate stamp duty property valuations. Our stamp duty valuations are completed by a specialised team of experienced property valuers, qualified with the Australian Property Institute (API). We are able to meet all requirements of RevenueSA for stamp duty property valuations.

 

What is stamp duty?

Stamp duty is a tax on property that is charged when you buy, or otherwise come into ownership of a property or land. This covers a variety of circumstances, including:

  • Purchase of residential property, whether a home, holiday home or investment property
  • Purchase of commercial or industrial property
  • Purchase of vacant land
  • Acquiring land or property through a trust
  • If an individual is given land or property as a gift
  • Acquiring land or property through any other transaction

There are also some exceptions and reductions on stamp duty in various circumstances, including first home buyers and for the transfer of property between spouses.

The exact amount of stamp duty owed and the way in which it is calculated differs across each state. If you require more in-depth information on how stamp duty may affect you, refer to the RevenueSA website.

 

When is a property valuation for stamp duty needed?

While stamp duty is required in many situations, not all will need a property valuation to determine the amount due. Specifically, in the case of the sale of a property the stamp duty liability can be determined based on the sale price.

However, in situations where there is no sale, the State Office of Revenue requires a property valuation to determine the accurate market value, and in turn calculate the amount of stamp duty due on the property transfer.

These circumstances include related party transfer and when a property is acquired through a trust or as a gift.

 

Why choose us for your stamp duty property valuation?

Stamp duty can be a significant tax, and is an expense many people do not plan for. Because of this, you want to ensure that you are paying the correct amount you owe. An incorrect valuation could end up costing you thousands in taxes.

All our property valuers at Adelaide Property Valuers Metro are certified and registered with the API and have over 20 years of industry experience each. Additionally, we have valuers that specialise in taxation and stamp duty valuations in order to ensure compliancy with purpose specific requirements.

 

If you are in need of a stamp duty property valuation, please reach out to our team on (08) 7009 4446 or fill out an online enquiry form.

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