Understanding Sydney Capital Gains Tax Valuation: A Guide for Property Owners
When it comes to property ownership in Sydney, understanding the capital gains tax (CGT) valuation is crucial, especially if you plan to sell or transfer ownership. The Australian Taxation Office (ATO) requires accurate valuations to determine the correct CGT liability. This is where property valuers in Sydney play a vital role. What is Capital Gains Tax (CGT)? Capital Gains Tax is a tax on the profit made from selling an asset. In the context of real estate, CGT applies when