Order Your Duo Tax Improvement Report

While not mandatory in all cases, having a Duo Tax Improvement Report is highly recommended if you want to ensure accuracy in calculating CGT and avoid overpaying taxes when selling your property. Major capital improvements, such as extensive renovations or extensions that have not been documented can greatly impact your cost base through a Duo Tax Improvement Report prepared by Duo Tax Quantity Surveyors.

Quantity Surveyors are recognised by the construction industry as independent construction economists for the purpose of arms-length advice on cost of construction. A quantity surveyor witnessing floor plans and lists of inclusions or attending an on site survey can help verify the existence of the property and substantiate the construction expenditure, in turn potentially minimise the capital gains tax liability.

Duo Tax has successfully helped property investors all over the country to reduce their capital gains tax by assessing historical capital improvements or renovations completed. The increase to cost base due to the inclusion of the figures outlined in the Duo Tax Improvements Report helps property owners calculate accurate capital gains tax obligations. The advice to arrange a report must always come from a registered tax agent or accountant where they see the tax savings benefit since this report does not guarantee a reduction in capital gains tax liability.