We are about to sell some land overseas that has been in my dads name since pre 1985.
Dad passed away more than 2 years ago.
We have some answers to our questions regarding tax implications but not definitive ones.
We know we don’t qualify for the sale of an asset within 2 years of DOD.
We understand that some tax will likely apply depending on the value of the land at DOD.
What will the ATO accept as evidence for the value of the land at DOD? As this will likely be used to assess any liability. Thanks
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