Vals NSW complete many Deceased Estate/Probate valuations every week. If you’re a beneficiary or executor of an estate, you will need a valuation for the Office of State revenue and the Australian Tax Office. The executor of a will administers and handles the estate and the disposal of the estate, and this could mean selling the property or transferring the property to a family member in the case of a buy-out.
The valuation report given to the Office of State Revenue is to work out the Stamp Duty payable on a property (or whether it is exempt from it) if it is being moved from one related party’s ownership to another. The ATO will need a certified valuation report for Probate purposes and to determine if there is any Capital Gains Tax incurred from the acquisition of the asset.
Our deceased estate/probate valuations are legal documents completed by registered valuers with the Australian Property Institute, and at Vals NSW, all our valuers are highly experienced, with over 20 years’ experience each.
Our experienced valuers can provide a property valuation at the current market and at a retrospective date. This is usually the case for estate purposes when your tax accountant will require a retrospective valuation, most commonly at the date of death.
Vals NSW complete comprehensive valuations reports, approximately 13-15 pages depending on the property, which provide an accurate and fair valuation figure. The turnaround time for a deceased estate/probate valuation is 2-3 business days for a residential property and 4-5 business days for a commercial property.
Our valuers understand the emotional nature of the disposal of an estate and act with compassion, transparency, and integrity, and we pride ourselves on our exceptional customer service, for which we have been noticeably recommended for.
To experience our high level of customer service and to receive an accurate valuation report for any estate or probate purpose, speak to one of our friendly staff members. You can fill out the Online Enquiry Form or call us on (02) 8599 9899.
We won’t be beaten on price or service!