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sm65
发表于 2021-5-15 15:25:04
The cost base that applies depends on whether the property was rented out before or after 20 August 1996.
If the property was first used to produce assessable income after 20 August 1996, the taxpayer is deemed to acquire the property for its market value at the time it is first used to produce assessable income. - Then the taxpayer has no choice but to obtain a valuation.
If the property is rented out before 20 August 1996, then the original cost of the property will apply. - Then the taxpayer does not need to obtain a valuation.
Please see the link below:
https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Real-estate/Using-your-home-to-produce-income/?default=&page=4#Home_first_used_to_produce_income
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