Stamp Duty Valuation Report for your property

When you buy a property, you will need to pay stamp duty tax to the government on that purchase. Unfortunately, it is a tax that we all get hit with. If the sale is a normal open market value transaction the stamp duty will be assessed on the purchase price using a sliding scale to calculate the stamp duty amount to be paid.

This is known as an “Arm’s Length” transaction where both parties are independent and acting in their own self-interest.

When it’s not an arm’s length transaction is the case where people are buying and selling property to known parties, transferring property between say family members (e.g., parent to child), divorce settlements, deceased estates.

This is where you need a qualified valuer to prepare a valuation report so the tax authority ensures the correct amount of stamp duty is paid based on the true market value, not just the price paid.

Call JPValuations 0426 949 484 and discuss your stamp duty needs so you are not paying too much.