6 year cgt rule, page-2

think I found an example that suits me, WHAT do yo do if you dont have an official valuation for the 'new' purchase date?

http://www.ato.gov.au/individuals/content.asp?doc=/content/36910.htm&page=3&H3

Example

Home becomes a rental property after 20 August 1996

Erin purchased a home on 0.9 hectares of land in July 2000 for $280,000. The home was her main residence until she moved into a new home on 1 August 2003. On 2 August 2003, she commenced to rent out the old home. At that time, the market value of the old home was $450,000.

Erin does not want to treat the old home as her main residence under the continuing main residence status after dwelling ceases to be your main residence rule as she wants the new home to be treated as her main residence from the date she moved into it.

On 14 April 2009, Erin sold the old home. Erin is taken to have acquired the old home for $450,000 on 2 August 2003 and calculates her capital gain to be $46,000.

Because Erin is taken to have acquired the new home on 2 August 2003, and has held it for more than 12 months, she can use the discount method to calculate her capital gain. As Erin has no capital losses she includes a capital gain of $23,000 on her 2009 tax return.