The ATO has released an updated version of its online Guide – Market valuation for tax purposes. The purpose of the Guide is to assist taxpayers in understanding the ATO’s general expectations on market valuation for tax purposes. It includes information on what market value means for tax purposes and the evidence and processes the ATO generally expect to see to support a valuation. Talk to us if you need assistance in understanding the ATO’s general expectations on market valuation for tax purposes.
Click to read our article: Market valuation for tax purposes. (0.80 MB PDF)