Under the s118-192 rule, your home’s market value on the day it first produced income becomes its cost base. One signed figure your accountant carries forward for decades.
Already sold the property? You may need a CGT valuation instead, we’ll switch your order free if you pick wrong.
The day the lease started is the day the market value substitution applies. That value becomes your cost base going forward.
Upgraded homes and accidental landlords: if the old place now earns rent, its value on day one of renting is the figure that matters.
Short stays and rented rooms can trigger the same rule. A signed valuation gives your accountant a clean number to apportion from.
Enter the address, confirm the valuation date and details, pay securely online.
The valuer establishes market value on the day the property first produced income, from comparable sales around that date.
We SMS and email your report the moment it's ready, no chasing required.
No. Retrospective valuations are standard. The valuer uses archived sales evidence to establish market value as at the first-income date, whenever that was.
Same rigour, different trigger. A cost base valuation fixes your starting figure under s118-192; a CGT valuation fixes market value at a disposal or other CGT event. If in doubt, ask, switching is free.
A signed PDF stating market value at the relevant date, the comparable sales relied on, and the valuer’s registration details, everything needed to file and defend the figure.
Get it signed once, properly, and never re-litigate your cost base.