Brisbane Stamp Duty Valuations
Stamp Duty is a tax that must be paid on any transfer (including additions and subtractions of names) of ownership of a property, whether that be for the whole or a portion of title.
In a standard open market sale, Stamp Duty valuations in Brisbane will be assessed on the price the property has exchanged for as this reflects the definition of fair market value – it is an arm’s length transaction between a willing buyer and a willing seller.
However, a transaction between related or affiliated parties (related party transfer) no longer fits the definition of an “arm’s length transaction” and as such, the Office of State Revenue requires a certified valuation report to assess fair market value and thus collect the duty owed. This is where Vals QLD assists our clients, completing hundreds of Stamp Duty valuation reports each week.
Stamp Duty Valuations Brisbane
All our valuers are Certified Practising Valuers (CPVs) fully accredited by the Australian Property Institute (API), with many also holding AVI and RICS qualifications. With a minimum of 15 years’ experience, our experts are true leaders in their field. We also pride ourselves on our incredibly efficient turnaround times, producing property valuations for tax purposes within 48 hours of confirmation to proceed (or from the date of inspection).
For a tailored quote for your valuation requirements, please call our office today on (07) 3123 7147 and one of our friendly staff will be happy to assist you. Alternatively, please fill out your details in our Online Enquiry Form and we will get back to you as soon as possible.