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Forum Tax issues

Property valuation date for CGT

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msbc | 22 Jan 2018, 09:53 AM Agree 0
Hi, I'm seeking advice in regards to historical valuation of a property for calculating CGT. Here are the circumstances:

1. I purchased a unit in April 2007 and lived in it as my PPOR until April 2009.
2. I rented out the unit April 2009 - while I moved into a rental property.
3. In June 2010 I purchased a house and moved in.
4. Unit rented until May 2017.
5. Unit sold June 2017.

I have an official valuation for the unit in June 2010, when I purchased my house. Is this sufficient for calculating CGT or do I need a valuation from April 2009?

Thanks.
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