FMC Properties

Why Choose FMC Properties?

Local Expertise: With a focus on the Adelaide market, our valuers have in-depth knowledge of local property trends, ensuring the most accurate valuations.Certified Valuers: All our professionals are certified and accredited, giving you peace of mind that your valuation is in expert hands.Comprehensive Reports: Our valuation reports are detailed and compliant with industry standards, providing valuable insights.

What is Capital Gains Tax (CGT)?

Capital Gains Tax is a tax on the profit made from selling an asset, such as real estate, that has appreciated in value. In Australia, CGT applies to investment properties, holiday homes, and rental properties but does not typically apply to the sale of a primary residence. When you sell a property for more than its initial purchase price, you are required to pay tax on the difference, known as the capital gain.

Why is Capital Gains Tax Valuation Important?

A CGT valuation establishes the property’s market value at specific points in time, helping calculate capital gains accurately. This valuation is vital for several reasons: Accurate Tax Reporting: A reliable valuation helps property owners report capital gains accurately, minimising tax obligations. Tax Deductions and Exemptions: Understanding the valuation can help identify potential deductions or exemptions.

When is a Capital Gains Tax Valuation Required?

CGT valuations are typically required in the following situations: Sale of an Investment Property: To calculate CGT when selling an investment property or rental property.

What is Unit Entitlement?

Unit entitlement refers to the proportion of ownership that each unit in a strata scheme holds relative to other units in the same property. This entitlement directly impacts several aspects of property ownership, such as the distribution of expenses, voting rights, and the allocation of insurance costs.