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  1. #1

    Default How to set chattels value?

    Hi there, I got a question in regards to the chattels value that is listed for each property sales history through QV website. I bought a house through an auction and I want to set the chattels value to be $7000. How can do that?

    Please advice,

  2. #2


    Create a itemized chattel list with second-hand market values.
    Source: book value (if rented before) check out selling websites
    or engage professional services like Valuit

  3. #3


    Thank you for your reply. After having the value what is the next step. Who is going to set it out in the qV website. Should I do it before settlement date which is in 10 days from now or after?.

  4. #4


    Nothing to do with QV website.
    Preferred - you attach to the S&P agreement the chattel list, that can also be created after settlement.
    The chattel list is for you accountant for setting the depreciation schedule - that all.

  5. #5


    I see, the figures on qV website doesn't mean anything for chattels deprecation or rates

  6. #6


    By the way - for new chattels you take the purchase price (incl. GST), for trading property without GST

  7. #7


    Sure, In that case I can do the chattels valuation after settlement but has to be done before renting it out. Right? The chattels are already included in the sales and purchase agreement.

  8. #8
    Join Date
    May 2007


    Hi Sam,

    Generally it is easier to use www.valuit.co.nz, and do the valuation as soon as possible. They give you a list of about 20-30 chattels that you can depreciate, the value and the depreciation rate.

    Otherwise very hard to determine or prove the value of chattels for depreciation.

    Not sure where to start, book a free chat for 5-10 minutes https://cswaikato.co.nz/services-pro...s-hamilton/201
    Ross Barnett - Coombe Smith Property Accountants


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