IP, CGT, Sale Appraisal in Email Form

Viewing 4 posts - 1 through 4 (of 4 total)

adam.p
Participant
@adam.p
Join Date: 2012
Post Count: 22
January 28, 2013 - 10:24 pm
Hi,
In ATO point of few, will email sale appraisal acceptable for CGT purposes in relation to selling an IP?
The reason I asked is several agents are sending me email appraisal instead of letter. Since I just need sale appraisal to calculate CGT in the future, I feel that the agent is not willing to do more than that till I really want to sell it.
Thanks in advance
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
January 28, 2013 - 11:00 pm
No. Agents cannot value properties unless they are licenced valuers. A letter won't even help you. You need a valuation from a valuer.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
adam.p
Participant
@adam.p
Join Date: 2012
Post Count: 22
January 29, 2013 - 5:42 am
Thanks Terry.
Can anyone recommend me property valuer for S.E. Suburb in VIC?
I tried to get quotes from several valuers but the quote given to me about $660.00 mark. Is this about right? They only asked the suburb and estimated value.
Jamie Moore
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@jamie-m
Join Date: 2010
Post Count: 5,069
January 29, 2013 - 6:01 am
Which lender are you with?
You might be eligible for free vals as part of your package – ie. ANZ's breakfree package.
Some allow free upfront vals which are technically supposed to be for the purpose of taking out a loan.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Mortgage Broker assisting clients Australia wide Email: [email protected]