Case Studies
Plant and Equipment Valuation VIC is an independent valuation firm that offers a wide range of plant & equipment valuation services in Melbourne. Each service has its benefits and serves a particular purpose. It is impossible to name all the cases our P&M valuers have had experience in. To give you a clearer picture, here are three examples of how our valuers and service can help you and your business.
Asset Valuation for Capital Gains Tax
Assets can be valued for many different reasons, this may include pre-sale advice, insurance, tax purposes and for completing asset registers. Among all those, taxes may be the most common reason an individual or business requests an asset valuation. One example is capital gains tax or CGT. This tax is a part of your income tax and must be paid if there has been a profit from selling an asset, which could be property, shares, collectables, licences, or goodwill.
An asset valuation for CGT is used to determine the amount of capital that has been gained. This may be finding out the value of the asset from the time it was acquired and/or the current market value of the asset if it was disposed of through a transaction without payment. The difference in value from when the asset was obtained to when you are no longer in possession of the asset is what determines the amount of CGT owed. If you are an individual or small business, you may be eligible for an exemption. Most can reduce their CGT by 50% by owning the asset for 12 months or more.
Plant & Equipment Valuation for Risk Management
A plant and equipment valuation is a very thorough process that involves examining and assessing many aspects of an asset. A P&M valuer will examine such things as the asset’s condition, WH&S compliance, rate of depreciation, and remaining useful life. This is crucial information for any business to have.
A complete and comprehensive valuation will allow you and your business to find any potential risks. These risks could be of the financial, logistical or safety variety. Once you have identified these risks you can be prepared to deal with risk by minimising its effect or eliminating the risk entirely.
Machinery Valuation for Pre-purchase or Pre-sale Advice
Machinery of any kind can be a large purchase or sale for your business. Once you have decided to sell or buy machinery, it is always good to be informed of the true value of the item. Knowing the value of machinery before you go forward with an arm’s length transaction allows you to secure the best price.
Valuation reports have a lot of information about the item/s that are valued. This may include such things as the make/model of the machine, its age, condition, remaining useful life and recent sales prices of comparable machines. All this can help you determine whether the item is a good investment if you are planning to sell and allows sellers to be aware of what they expect to be paid for the asset.
Learn More About Plant and Equipment Valuations
There are so many ways plant and equipment valuation can assist you and your business. To learn more about how our services can help you, contact one of our many specialists. You can connect with a plant and equipment valuation expert by calling us on (03) 9008 7267 or by completing our online form.