Hobart Stamp Duty Valuation Service
Stamp duty is a tax which is imposed on specific types of transactions, most commonly on properties. Stamp duty is applied on single property purchases, every property purchase will have a stamp duty which needs to be paid. The correct stamp duty which needs to be paid will be determined by an independent property valuer who will provide a stamp duty valuation in Hobart or Launceston.
There are occasional exceptions and discounts on the stamp duty tax which includes, for first time buyers and the transfer of a property between spouses. Stamp duty tax also differs from state to state in Australia.
Why is a property valuation needed to determine stamp duty?
The State Office of Revenue requires a professional certified property valuer to investigate factors of the property which can influence the property’s value and the stamp duty valuation. The valuer then analyses the variables and takes into account the market value at the time to calculate how much stamp duty tax needs to be paid. The amount of stamp duty which needs to be paid differs depending on the value of the property, the higher the property is valued, the more stamp duty tax will need to be paid. This is why it is imperative that the client has a certified, accurate and detailed property valuation for tax purposes, to prevent them from over paying on stamp duty tax.
Stamp Duty Valuation Service Hobart & Launceston
Here at Vals TAS, every property valuer is a Certified Practising Valuer (CPV) accredited by the Australian Property Institute (API) and many also hold AVI and RICS qualifications. With over 20 years of industry experience, we pride ourselves on delivering outstanding customer service. Our expert team guarantees accurate and reliable property valuations, ensuring you determine the correct stamp duty with confidence.
If you would like a property valuation for stamp duty purposes, or would like to find out more information on how we are able to assist you, please call our team of experts on (03) 6108 2178 and we will be happy to help you. Alternatively, complete one of our online enquiry forms and a member of the team will get back to you shortly.