This type of Valuation covers many real estate and market value requirements. Here are a few examples;
- A property was transferred on a certain date into your Superannuation Fund and it’s not until sometime later that your Accountant requires a market value at the original transfer date for reporting purposes;
- Another common purpose is when your principal place of residence is converted into an investment, but you failed to obtain a valuation at the time for future Capital Gains Tax;
- Please be aware that a retrospective assessment will generally cost more, as there is more time & risk involved in assessing historical values.