If you have a PPR and want to turn it into a rental property, is it an idea to get a property valuation around the time tenants are about to move into the property or just after they move in, for tax purposes. Not sure so hoping someone can give me some advice on this
thanksJULES1
Email MeYep you will need to get a valuation to determine the value at the time it is turned into a investment, this will form your cost base for CGT purposes when you sell. Encourage the valuer to value it on the high side rather than low. You can do the valuation at a later date though.
Great thankyou. I thought I had to do something like that
cheersJULES1
Email MeHi Jules, have you purchased another PPOR or lifestyle change and now putting your property on the rental market?
Xenia | Alexa Real Estate Pty Ltd
http://www.alexarealestate.com.au/
Email Me | Phone MeAdelaide Property Manager
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