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?