Understanding Retrospective Property Valuation in Australia
Retrospective property valuation—also known as a backdated or historical valuation—is used to determine the market value of a property at a specific point in the past. It is commonly required in capital gains tax (CGT) calculations, deceased estate valuations, family law matters, and retrospective accounting purposes. What Is a Retrospective Property Valuation? A retrospective property valuation assesses the market value of a property at a historical date, rather than at the time of inspection. The chosen date may be: