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CGT Determination Number 10 (TD 10) explains that if the market value of an asset needs to be determined, taxpayers can choose to obtain a detailed valuation from a qualified valuer or compute their own valuation based on reasonably objective and supportable data.
Law Administration Practice Statement PS LA 2005/8 - Market Valuations now provides advice about market valuation guidelines.
Accordingly, TD 10 is withdrawn.
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