Converting Owner Occupied property to Investment Property

This thread is archived and the information may not be up-to-date. You can't reply to this thread.

gk2022

(Initiate)Initiate

11 Mar 2023

Hi,

We have an apartment which has been our PPOR for last 2 years 3 months. we have have now bought a house which will become our PPOR and the current apartment will be let out on rent (i.e. will become IP). I understand we need to perform valuation of the property that needs to be converted.

My questions are:

1) Valuation need to be carried at what date?

2) Who can do the valuation? Is the appraisal report by real estate agent considered for tax purposes?

3) Can you share the relevant section from the Tax laws which will have more details on this topic

0 likes

407 views