Book Value / GST Value

BOOK VALUE:

Back in the day PRE GST / Book Value was better known and referred to as a Glasses guide. This was simple as there weren’t too many makes and models around and just had simple adjustment in place for mileage and age.

MODERN DAYS:

There are many manufactures with multiple models with too many extras/specifications to list! In short Book Value is best left to the accountant, as it is still an accounting process with the large variance in tax laws.

GST VALUATIONS:

This is where a valuer is important as it can be hard for the average person to follow the law in respect to GST Registration.

For example, You are starting a business and your old faithful is going to be your company car, your car will enter the business  with a GST factor. This is where we come in and sight the vehicle and value it as if on market today, hence you claim back GST from this value.

OUT OF GST:

So things are going well and you want to sell your old chariot, we will sight the vehicle and value it as its Market Cash up Value hence you will pay GST on this value.