I bought an apartment and lived in it as my main residence for two years. I have now rented it out.
The reason I am asking this question is that the current market value of the property is very similar to the original purchase price, with little or no capital growth since I bought it.
When calculating capital gains tax in the future, is it compulsory to obtain a market valuation at the time the property was first rented out, or can I use the original purchase price as the cost base instead?
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228 views
1 replies