When transferring an asset between parties, an independent market valuation maybe required to determine the stamp duty which could be payable
Stamp duty payments are a requirement when buying a property. There may however be some exceptions where an assessment may be necessary, expert witness valuations may be required in some circumstances. For example, when family members, friends or business associates transfer an asset between parties, and that asset has not been sold on the open market, a stamp duty assessment may be required.
Transactions within superannuation funds or trusts, and many other scenarios, may also need to provide the Office of State Revenue with an independent market valuation to determine the duty payable. Opteon’s team of certified valuers provide valuations for stamp duty across all property types including residential, agribusiness and rural, commercial, industrial, hospitality, retail, and other specialised property assets including plant and equipment.