Announcements
Read our answers to common questions about JobKeeper, Early release of super and Cash flow boost.

ATO Community

Treatment of valuation undertaken for CGT purposes

Highlighted

Newbie

Views 225

Replies 2

My friend had a principal place of residence they later used as an investment property after purchasing a new home.

The investment property was sold last year and a valuation was obtained for CGT purposes to assist with determining the first element of the cost base.

Can the cost of this valuation:
- form part of the cost base of the property sold; or

- be deducted as a cost of managing their tax affairs?
1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Best answer

Taxicorn

Replies 1

2 REPLIES 2
Highlighted

Best answer

Taxicorn

Replies 1

Highlighted

Newbie

Replies 0

Thank you, I really appreciate you coming back to me so quickly.