Why Do You Need A Tax Valuation?

There is no doubt that taxation is a very important subject whether for individuals, businesses, non-profitable organisations or even religious institutions. We all have to pay taxes to the Government and there are many factors that should be taken into account when determining tax amounts.

We are leading valuation specialist operating across Sydney and we understand the importance and seriousness of taxation valuations. Taxation can be paid either on income from individuals or businesses. When it comes to real property assets for companies, they have to be regularly valuated for taxation purposes.

Why you should choose IP Valuations for your Taxation Valuations:

Based on certain valuations, an individual or entity will be able to determine their taxation amount that needs to be paid.

There are different ways and means by which the ATO can interpret these valuations in Australia. That’s why you should choose the best specialists in Australia.

We have a great understanding of the complexity of valuations and approach every project with utmost care.

All of our valuers have experience with property taxation matters

We make sure to provide our clients with in depth detail of their assets.

Our team members make sure to stay up to date with the latest changes to laws pertaining taxation valuations.

We use the latest facilities and infrastructure that help us to provide our client with prompt and accurate valuations.

Call IP Valuations today on (02) 9659 5446 and get in touch with one of our experts today.

You can also email us your details, or simply fill in the enquiry form at Contact Us page and we will get back to you.

Content Source: Looking For Taxation Valuations

How Do Property Valuers In Sydney Come Up With A Figure?

It may seem like yet another expense, but a property valuation could also be a necessity for your successful real estate purchase.

Benefiting the buyer and seller, a property valuation can help you to assess the current value of a property in an open and competitive real estate market.

For a valuer to do their job, they generally need to visit the property, measure it and note details on the building structure and its condition, any structural faults, rooms and layout and their presentation and fit outs, fixtures and fittings, and any improvements.

They also make notes on the property’s vehicle access and any garages, carports or out buildings.

Often the valuation will include photos of the property highlighting certain features.

Once they have visited the property, they also look at planning restrictions and council zoning and its relative location. The valuer then compares all these attributes to recent comparable sales in the surrounding area before coming up with the magic figure.

What is the difference between licensed valuers and real estate agents’ appraisals?

Real estate agents often give you an appraisal on your property when trying to gain your listing. They base their appraisals on other sales in the area and their experience. Remember, real estate agents are working for the vendor (which could be you) who pays the commission on the price they achieve, not the official valuation.

This is different from a valuation carried out by a licensed valuer, who has to base their report on facts as they are legally responsible for the information they provide.

A property sale may fall over on a valuation if the property’s value doesn’t come close to the agreed sale price. A buyer, on behalf of their lender, could deem the finance clause is a reason the property can’t go ‘unconditional.’ They may either decide to exit the contract or re-negotiate.

How can you increase your house value?

If you are looking to sell your house in the future and want to know what might help when the property is valued, here are some helpful pointers.

You can’t change your property’s location, but you can change the house itself. Think about a renovation or extending the floor area of the house. Can you add a bathroom, bedroom or entertaining area? What about improving your indoor-outdoor flow?

Make sure the property is well presented. Can you tidy up the garden or remove any untidy trees or structures? Are there any views that can be taken advantage of or can you make vehicle access easier?

Give your important rooms – the bathroom and kitchen – a mini makeover. It can often be fairly cost effective to update cabinetry, the bench top, light fittings and fixtures. Even a quick lick of paint can do wonders!

Do you have covered areas for vehicles? Can you add a carport or garage?

Give your property a general tidy up. If your block and house are neat and tidy and look well maintained, it is likely to benefit the valuation.

If you are considering buying a residential property, make sure you know its current market value. IP Valuations is here to help with its independent and professional team of valuers.

Feel free to call us on (02) 9659 5446 or fill in our enquiry form.

Content Source : How Do Property Valuers In Sydney Come Up With A Figure?

3 Top Tips To Add Value To Your Commercial Property

Commercial real estate investments in Sydney create lucrative opportunities for those active in the market. It is vital to ensure you get the best valuation of your commercial property. To guarantee the best valuation for your commercial property, here are a few ways to add value to the property:

• Making structural and cosmetic changes – It’s one of the most common ways to add value, but if it’s done right, your investment will benefit. Adding square footage to your property and increasing the rent-able square footage are just a couple of examples.

• Minimise expenses – The value of a property is calculated on its profitability. By reducing expenses such as electricity and utilities, a property can increase profitability without impacting leasing operations.

• Maintain leasing appeal – a vacant building can decrease the value of a property dramatically. By maintaining the property’s appeal and keeping tenant relationships harmonious, you can easily retain property value as well as tenants.

If you have a commercial property that requires a valuation please don’t hesitate to contact IP Valuations from Sydney.

Content Source : Commercial Property Valuations

The Reasons For Rural Property Valuations

Rural properties are those properties outside of metropolitan Sydney that comprise homes and business on land over 1 hectare in size. The properties we value include lifestyle properties, hobby farms and certain types of income producing land with associated improvements. Getting a report from a company with valuation experience in the area is key to making sure you get an unbiased and accurate appraisal. You’ll need someone with knowledge of current market conditions, as well as specific issues relating to rural property prices in the local area.

Why do People use IP Valuations Sydney when buying a country property

IP Valuations is an entirely independent and experienced valuer of rural property. This means you can rely on us for a precise valuation of your rural property.

The qualified fully licensed and experienced professional who you’ll be talking to will make your assessment process easy. This professional will be the same expert every time – your personal valuer – someone who’s fully conversant with the state of the property market in the area that you’re interested in, and in your case in particular.

Use us and we’ll make sure that you:

• Are getting advice and a precise evaluation from a ten-year or more industry veteran

• That the figure you get is supported by the Australian Property Institute

• Can count on advice and information before, during, and after your assessment

• Get a service that is independent, ideal for personal or business use, and personalized to meet your needs.

Other types of rural property valuations

Capital Gains Tax (CGT)

Many rural properties when being sold can benefit from the main residence exemption The ATO Subsection 118-120(2) of the ITAA 1997 provides exemptions to adjacent areas of land to a maximum of two hectares. IP Valuations understands the Capital Gains Tax in its application to rural property valuations and we will ensure your valuation takes into account all aspects required by the ATO.

Main reasons for Rural Property Valuations

• Pre sale purchase

• Superannuation audits

• Centrelink asset tests
  

• Inter family transfers

• Probate or estate settlements

• Family Law/Property settlements
  

Call (02) 9659 5446 now and chat with an expert about the rural property valuation you need. Or, why not contact us online? Simply send us your details, and we’ll get back to you within 24 hours

Content Source : Property Valuations