Duties valuation forms are not required for residential or commercial land if
- a valuation is obtained from a valuer licensed under the Land Valuers Licensing Act 1978 and
- the total value of the land involved is not greater than $2 million.
For information about when a valuation will be required and what the valuation should consist of, see Commissioner’s Practice TAA 23 ‘Circumstances when a Taxpayer will be Required to Provide a Written Valuation’.
See information about what to provide in relation to:
