If you’re buying, selling, or developing property, understanding your Goods and Services Tax (GST) obligations is essential. In many property transactions particularly involving new residential premises, commercial properties, subdivisions, or business sales a market valuation may be required to correctly determine the GST payable.
At Sydney Property Valuers, we provide independent, ATO-compliance GST valuations that support accurate reporting, reduce risk, and ensure you meet your obligations under Australian tax law. Our valuations are completed by Certified Practising Valuers (CPV) and are prepared in accordance with Australian Valuation Standards.
For organisations requiring valuation evidence for accounts and reporting, we also provide Financial Reporting valuations.
A GST valuation determines the current market value of a property or land for GST calculation purposes. It is often required when selling, transferring, or developing property, especially under the margin scheme or as part of a going concern.
You may need a GST valuation if you're applying the margin scheme, selling new residential property, transferring property within a trust or SMSF, or selling a business with property involved. The ATO may also request a valuation during an audit or review.
The margin scheme is a method of calculating GST on the "margin" (the difference between sale price and original acquisition value) rather than the full sale price. A valuation is required if the original acquisition did not include GST or if the ATO requests evidence of market value to support the margin calculation.
Yes. Our reports are fully compliant with Australian Valuation Standards and include all supporting evidence, making them acceptable for GST-related submissions and audit defence.
Yes. We provide retrospective valuations where GST obligations require the market value to be assessed as at a specific date in the past commonly for trust restructures or late tax reporting.
Sydney’s dynamic growth and strong economy have contributed to rising real estate prices in recent years.