All Topics / General Property / Property market value as cost base for CGT
Hi All,
A friend recommends me to do a property valuation so it can be a cost base when calculating CGT in the future.
2 questions
1. Where can I get a valuation? From property agent, bank or third party company? If from third party company, can anyone suggest a company? Is ATO approved?
2. The house I purchased and lived there 2 years after I rented it out in year 2010. Can I still do valuation back to the date of lease?
If the answer is yes, back to the question 1, who I should contact to get a valuation?Will be really appreciated if anyone can point me the direction.
Thank you very much!
Eric
- This topic was modified 9 years, 9 months ago by www_eric.
Do you have another home? If not you can use the 6 year rule in which case you won’t need to pay CGT if you rent it for up to 6 yrs.
If you do rent it for longer (or you are claiming another house as your PPOR I think it just goes pro rata.
I forget which is pro rate PPOR then IP or IP then PPOR?
Maybe someone else can clarify that.
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