Licensed Valuers & Property Valuation Consultants, Perth, Western Australia
Independent licensed valuers & Property valuation consultants
Established 1984 | Expert Valuation Advice | Licensed Valuers

Stamp Duty and related party transfer valuations

Thursday, April 19th, 2018

When a property is being ‘sold’ or transferred to a family member, related party or related entity (superannuation fund transfer or family trust transfer) the Office of State Revenue may require the purchaser to pay Stamp Duty or Transfer Duty. A Transfer duty is a general tax imposed under the Duties Act 2008 (‘Duties Act’) on dutiable transactions over dutiable property (whether documented or not) including transfers of real estate and certain business assets. A Stamp Duty Valuation will be required. An independent property valuation by a licensed valuer of the property is required before an assessment is issued, when a dutiable transaction is between related parties, or the parties are ...

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