• Supporting document requirements for private rulings

    This page lists the documents and information we usually need to process private rulings about the subject displayed.

    Attention

    Please send the following documents and information with your private ruling application form.

    End of attention

    Determining or confirming the value of a thing

    Under the law, when you apply for a private ruling about the value of a thing, such as an item of plant, you have two choices. You can ask us to provide a valuation of the thing, or provide us with a valuation and ask us to confirm it.

    If you ask us to provide a valuation you should provide:

    • Sufficient information for a valuer to identify the thing to be valued.
    • If appropriate, details of the location of the thing to be valued.

    We will contact you if we require further information.

    If you ask us to confirm the value of a thing, you should send:

    • a copy of your valuation report with your application. The valuation report should contain sufficient information for a valuer to replicate the valuation process.

    The Private rulings and valuations fact sheet (NAT 71796, PDF, 84KB) explains what happens when you apply for a private ruling about the value of a thing.

    The guide Market valuation for tax purposes (NAT 72508), provides guidance to taxpayers and their advisers (including valuers) on the processes to establish a market value for taxation purposes, and what we would expect to see in a valuation report.

      Last modified: 11 Sep 2008QC 21254