ATO article: Valuing your assets

Posted 2 February, 2016



If your business has assets – such as vehicles, factory equipment, or property – it’s important to know when you might need a market valuation done and how to get one you can rely on.

You might need a market valuation of assets when you:
• transfer or sell assets to related parties
• consolidate or change business structures
• pass the asset threshold for the small business capital gains tax concession
• sell your home which has more than two hectares of land
• provide non-cash benefits to your employees
• use the GST margin scheme if you are selling property as part of your business
• consider other transactions involving assets.

You can apply for a market value private ruling from us. Your application can be for us to provide you with a valuation or to confirm a valuation you provide to us. There may be costs involved – refer to thePrivate rulings and valuations fact sheet for details. If you prefer, your agent can lodge an application on your behalf.

Your private ruling will give you a binding asset valuation you can rely on for tax purposes.