What is a Retrospective Market Valuation Report for CGT?

Simon Chen
May 7, 2023
3 min read

Updated: Nov 21, 2024

Two people receive advice from their accountant or financial advisor

Retrospective Market Valuation reports can help accountants and financial advisors. These reports show the market value of a property or asset on a specific date in the past. They are useful for things like taxes, estate planning, and financial reporting. If you need to know the value of something in the past, a Retrospective Market Valuation report can give you that information.

Examples of when a retrospective market valuation is needed include:

Financial Reporting: When a company is preparing its financial statements, it may require a retrospective market valuation report to determine the fair value of its assets and liabilities as of a certain date. This report can provide insights into the company's financial performance and position.
Taxation: As mentioned above, when calculating CGT, a retrospective market valuation report may be required to determine the value of a property or asset, such as plant and machinery, at a specific date in the past.
Family Law Matters: During divorce proceedings, a retrospective market valuation report may be needed to determine the value of assets at the time of separation. This report can assist in property settlements and asset division.
Litigation: In legal disputes, a retrospective market valuation report may be required to determine the value of an asset or property at a specific time in the past. This report can help to resolve disputes related to property or financial assets.
Estate Planning: When an individual is creating an estate plan, a retrospective market valuation report may be required to determine the value of assets at a specific time in the past. This report can help with the distribution of assets and inheritance planning.
Insolvency: In insolvency proceedings, a retrospective market valuation report may be needed to determine the value of assets at a specific time in the past. This report can assist in determining the value of the assets available for distribution to creditors.

Retrospective Market Valuation reports provide accurate financial reporting and informed decisions on assets and properties. By analyzing sales of properties, assets, land, and buildings, a valuer can estimate its value on a specific date. It is useful for tax, estate planning, and other financial matters.

A thorough analysis of the property or asset includes the following:

Location, accessibility
Land, shape and size
How big your house, or building is, the quality of your fixtures and installations
Condition of your property, internally and externally

The valuer will then compare your property to comparable historical sales, market data and trends to estimate the value of the property or asset, such as plant and machinery, as of a specific date in question.

If you require accurate market valuations of your property in the Melbourne Metro Area, Geelong, and Regional Victoria, Delphi Property Consultants & Valuers can be of great assistance. Retrospective market valuation reports play a crucial role in various purposes, including taxation, accounting, and legal matters.

Delphi's experts can provide an accurate valuation for informed financial decisions and compliance with regulations like Capital Gains Tax (CGT).

For more information, follow this link, contact us here.

Our team of experts at DELPHi is here to assist you. Contact any of our offices: