James Michael replied to the topic Accountant Advice in the forum Hi Keiko 11 years, 10 months ago
Hi Keiko
It might be a good idea to get it valued or at least an estimation in value at the time you move in, as this allows you work out what the cost base was at the time it changed into your PPOR and will be important for determining & apportioning any capital gain at sale time.
To say what I mean more quantitatively, any capital gain while…[Read more]