Total Members: 159,129

vgpacer1970

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    Will an accountant be able to provide a registered evaluation from April 2008 in that town? I need a little guidance as to obtain this please.

  • vgpacer1970 replied to the topic CGT in the forum get the estimate emailed! 14 years, 2 months ago

    get the estimate emailed!

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    The bank has it on file, also the real eastate has a valuation on file also, wouldn't that be enough to satisfy an auditor?

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    But thats what the bank did in march 2008 as stated above??????????? when I refinanced.

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    How are you to know what the property is worth at the time of vacating and renting out? especially a couple of years ago?

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    I believe the real estate agent also has an estimation at the time of renting in April 2008, would that be enough as how do I know what the real estimate is? at that time?

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    The bank has an independant appraisal on their records, wouldn't that be ok if audited?

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    Bank said they valued the 1st house March 2009 @ $280K so I would imagine that it was worth around that in April 2008 when I moved out? So if I get $280K for it now does that really mean I don't pay CGT at all?

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    The bank I used would have the estimations for both properties when I bought the Brisbane house. My partner only came onto the scene last year.

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    Meant that pay out partners house or most of it and use it as tax write off?Real estate guy said it was worth $260K in April 2008 and because I lived in it 2003-2008 that CGT is only on the difference of that amount compared to the $280K it is worth now??????? ($20K) my income currently $105K

  • vgpacer1970 replied to the topic CGT in the forum Legal & Accounting 14 years, 2 months ago

    P.S…………My partner has a house rental owing $115K, should we pay it out or most of it and use it as a tax write off?

vgpacer1970

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