Office of State Revenue Valuations Sydney and NSW
Our stamp duty and transfer duty valuations satisfy all requirements of the Office of State Revenue on property transfers and ownership Title changes.
Transfer duty, formally known as stamp duty, is the tax charged by the government for the change in name(s), or the removal of name(s), on the ownership Title.
Stamp duty valuations for family property purchases
In regular sales when the open market is fully tested the OSR will base its stamp/transfer duty on the sale price achieved and in the contract.
However, inter-related transactions, for example a when a family member sells or purchases partial or complete ownership to another family member, property settlement or otherwise, often have an agreed price already established, so the open market is not fully tested by advertising the property for sale to the public and fielding interest and offers from unrelated people as a normal sale/marketing campaign would do.
For this reason the government (OSR) in this case is concerned they may be missing taxation dollars as they hold the view these transactions are not all made at full market value and as the ($) amount of stamp/transfer duty/tax, is based on the market value, with taxation increasing with market value, these transactions are required to have an independent valuation conducted by a suitably qualified/registered Valuer to certify the market value of the subject property to which the stamp duty will be based on.
This is where our property valuers can assist. We provide fast reliable and affordable valuations and price certifications for all situations and property transfers.
We are qualified registered, certified experts recognised and accepted by the Office of State Revenue and the Australian Taxation office.
Note: The purchaser is the party who attracts the stamp/transfer duty. As a guide please refer to the OSR stamp duty / transfer duty calculator »
Quadrant Valuations Sydney
Quadrant Valuations are Sydney valuers specialising in valuations for the residential, strata, industrial and commercial property markets. We offer independent valuations and property assessments for all situations. We provide real estate value consultancy services for all property types along with a range of easy-to-read and interpret valuation reports tailored to the client’s individual needs. Importantly, we are members of the Australian Property Institute (A.P.I) and bound by a strict code of ethics.
Established in 1980 and with a head office in Sydney, our highly experienced valuers covers the entire Sydney metropolitan area including the Sydney CBD, Northern Beaches, Upper and Lower North Shore, Eastern Suburbs, Western Sydney and NSW wide on specific request.
We provide valuations and property reports for all clients including private property owners, investors, business owners, legal and accountancy firms, surveyors and Government departments.
We are qualified in expert evidence for legal matters requiring a single party reports or the services of an expert witness in litigation, family law and probate matters with over 30 years of experience to draw on.
We are active Associate Members of the governing body the A.P.I (Australian Property Institute) and bound by a strict code of ethics.
Contact us for all your real estate valuation needs