• It is never too late

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you have acquired assets on or after 20 September 1985 and have not kept records, or your records have inadvertently been destroyed, you can still do something about it.

    If you have bought real estate, your solicitor or real estate agent may have copies of most of the records you need. You should be able to get copies if you ask for them.

    If you have made improvements to an investment property-for example, if you built an extension, you can ask for a copy of the builder's receipt for payment.

    If you have bought shares in a company or units in a unit trust, your stockbroker or investment adviser may be able to supply you with the information you need.

    If you receive an asset as a gift and you did not get a market valuation at the time, a professional valuer can tell you what its market value was at the relevant date.

    The main thing is to obtain as many details as possible so you can reconstruct your records. You should make sure you keep sufficient records in the future.

    Last modified: 06 Oct 2009QC 27417