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NeBi(Newbie)Newbie
10 July 2025

Property, NSW

Context- I'm to inherit a property in NSW. My mum passed away 18 months ago. My brother and I have decided we will not sell within the 2 years and have only decided last week to put the property into both our names. Future of the property undetermined.


  1. For future CGT purposes should the valuation of the property be from death or from inheritance of the property? (18months afterwards). Yes, we've taken a long time to make no decisions.
  2. How many valuations of the property are required.

Thanks in advance.

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3 replies
119 views
3 replies

Most helpful response

Most helpful reply

Taxduck(Taxicorn)Taxicorn
10 July 2025

If this was your mum's main residence then until a CGT event occurs there is no easy answer. CGT event occurs once you dispose of your share of the property. . See guidelines.

Real estate and main residence | Australian Taxation Office

However, it is not the date you took ownership of the property. It will be either date of death or another date depending on your use of the property. For example if you live in the property for a period then rent out the cost base will be the market value of the property when first rented.

One valuation, if required.

Market valuation of assets | Australian Taxation Office

All replies

Most helpful reply

Taxduck(Taxicorn)Taxicorn
10 July 2025

If this was your mum's main residence then until a CGT event occurs there is no easy answer. CGT event occurs once you dispose of your share of the property. . See guidelines.

Real estate and main residence | Australian Taxation Office

However, it is not the date you took ownership of the property. It will be either date of death or another date depending on your use of the property. For example if you live in the property for a period then rent out the cost base will be the market value of the property when first rented.

One valuation, if required.

Market valuation of assets | Australian Taxation Office

NeBi(Newbie)Newbie
14 July 2025

Hmmm, that makes sense, at the moment though it's vacant due to decision fatigue and sadness. What would you advise re: valuations? Thank you so much.

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