Capital Gains Appraisal
Retrospective and current property valuations to document fair market value for tax reporting purposes.
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
Current value vs. retrospective value
Not every capital gains appraisal is valued as of today. Depending on your circumstances, the appraisal may need to reflect a current value or a retrospective value tied to a specific past date.
Change of use
When a property converts from a principal residence to a rental, or from a rental to a principal residence, the fair market value as of that conversion date may be required for tax reporting.
Deemed disposition
When a property is treated as though it was sold for tax purposes even though no actual sale occurred, an appraisal documents the fair market value as of that deemed disposition date.
Who orders this appraisal
- 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
We recommend consulting a qualified tax advisor or accountant to confirm which valuation date applies to your situation before ordering an appraisal.
How it works
Contact us
Reach out by phone or email to discuss your appraisal needs.
Property inspection
The appraiser inspects the property on-site. For retrospective appraisals, historical market data supports the opinion of value.
Written report
You receive a written appraisal report prepared by a qualified designated appraiser.
Request a capital gains appraisal
Contact us to discuss your appraisal needs across Oakville and surrounding communities.
Frequently asked questions
What is a change of use appraisal?
A change of use appraisal establishes the fair market value of a property as of the date its use changed, such as converting a principal residence into a rental property, or a rental into a principal residence. This value can be relevant for tax reporting purposes.
When is a retrospective appraisal needed for capital gains?
A retrospective appraisal is typically needed when a property's fair market value must be documented as of a past date, such as a change of use, deemed disposition, or an inherited property's date of acquisition, rather than its current value.
What is a deemed disposition?
A deemed disposition occurs when a property is treated as though it was sold for tax purposes, even though no actual sale took place, such as a change in use or a transfer of ownership. An appraisal documents the property's fair market value as of that date.
Who orders a capital gains appraisal?
Capital gains appraisals are typically ordered by property owners, their accountants, or tax professionals who need documented fair market value to support a tax filing. Consulting a qualified tax advisor beforehand helps confirm the required valuation date.
Other appraisal services
Areas we serve
We provide this service across Oakville and surrounding communities.
Oakville, ON L6J 7L7