What is a capital gains appraisal?
When real property is sold or otherwise disposed of, documenting the fair market value at the time of acquisition or disposition may be required for tax reporting purposes. A written appraisal report provides a supported, documented opinion of value as of a specified effective date.
Depending on your circumstances, you may require a retrospective appraisal (with an effective date in the past) or a current date appraisal. We recommend consulting a qualified tax advisor or accountant regarding your specific reporting requirements before ordering an appraisal.
Appraisal reports are prepared by qualified designated appraisers in accordance with applicable professional standards.
Who this service is for
- Property owners who have sold or disposed of real estate
- Individuals with properties that have changed in use
- Accountants and tax professionals requiring valuation support
- Executors dealing with inherited property dispositions