Hi I intend to do a knockdown/rebuild & move into (PPOR) a previously rented out property. Do i need to get a valuation prior to the knockdown (existing house & land) for CGT calculation purposes if/when we sell later? If so, is a bank valuation suitable?
Do i need to get a valuation prior to the knockdown (existing house & land) for CGT calculation purposes if/when we sell later?
Only if you are going to develop the site for sale - then proper advice required.
If so, is a bank valuation suitable?
No
Ok thankyou, are you able then to demonstrate how the GST is calculated under the following example scenario:
I have reviewed similar questions on this forum and am still confused (including the formulas). I have been also recommended by my financial advisor to get a valuation prior to the knockdown, to assist with later calculations which contradicts your above response?
21 May 2026 · 4 min read time
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