Capital Gains Valuations
In calculating CGT, determining market value of the property is essential. Only property valuers can provide this market valuation.
When will you pay CGT?
- Renting out your former principal place of residence will trigger the need to pay CGT, so it is advisable to obtain a market valuation at the time the property is first made available for rent as an investment property.
- Gifting a property also triggers the need to pay CGT.