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Inherited property cost base appraisals in Toronto and the GTA
When you inherit a property, your cost for tax purposes is generally its fair market value on the date of death, unless it passes through a spousal rollover. An appraisal as of that date documents your cost base.
How it works
This matters when you later sell, because your capital gain is measured from that value. Confirm the rules with your accountant.
What we provide
- Value as of the date of death
- A documented cost base before you sell
- Houses, cottages and rental properties
- Reports for accountants
What to send us
- The property address and the valuation date you need
- Your accountant’s or lawyer’s name, if they need the report
- Purchase or transfer documents, if you have them
This page is general information, not tax or legal advice. Tax rules change and depend on your situation, so confirm with your accountant or tax lawyer. We provide the property valuation only.
Common questions
Why do I need a cost base if I inherited the property?
Your capital gain is measured from your cost, which is generally the value at the date of death.
What if the date of death was years ago?
We can prepare a retrospective appraisal using sales from around that date.
Areas we serve
We provide this service across Toronto, Peel, York, Halton, Durham and surrounding areas.
City of Toronto
Peel Region
York Region
Halton Region
Durham Region
Surrounding Areas
Request a quote
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If your request is urgent, please call us or email us directly and we will respond as soon as possible. Your request is kept confidential.
Phone: 416-728-1666
Email: Housevalue@iCloud.com