cost base and capital gains tax of investment property

[lotusbuddha]

Hi All,
Can someone clarify if an UK estate agents valuation is sufficient for the ATO to calculate the cost base.
Raj

[AndrewL]

Originally Posted by lotusbuddha

Hi All,
Can someone clarify if an UK estate agents valuation is sufficient for the ATO to calculate the cost base.
Raj

Yes, that's an appropriate method to use. But please tell us a little more. Did you have the rental when you came to Australia? Are you a permanent resident?