quote:
Originally posted by Scunner
Declared values are provided by government now, not by chancers
I know this is an old post but I've not been on the forum for a while, but on doing a bit of catching up I came across this.
When did this start and how do they work out the values. I ask because we are thinking of selling and our tapu was issued in April 2008 complete with what we were told was the "council valuation" ([naive I know NOW)read undervaluation here and this could drastically affect our CGT position.
Another question on that - when is CGT taken? At change over of tapu or do you have to declare it yourself.