I have an apartment overseas, which I have acquired before I became an Australian resident. I'm planning to sell the apartment.
ATO resources mention that you treat the asset as though you acquired it when you became an Australian resident, and you need to keep appropriate records.
I do not have a property evaluation report on a date when I became an Australian resident. And unfortunately, evaluation authorities overseas, in my case, do not provide retrospective back-in-time evaluation reports.
Question - what type of records can I provide to ATO while lodging tax return to confirm the market price at the time when I become an Australian resident? Would screenshots from the real estate website, with historical selling properties advertisement prices work for this purpose?
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