I recently bought a property and am interested in depreciating the chattels. I have a valuation on the property (that previous owner did just prior to selling) that includes a single line item value for the chattels.
My question is, am I able to use this as the basis for doing my own chattels valuation? Can I take that single figure and make reasonable estimates on how that figure is broken up (ie. carpets, drapes, appliances, etc).
I would rather not have to go to the hassle of getting an independent chattels valuation, if I am able to use the figure I have got and make some reasonable assumptions about how it is broken down.
Any advice would be much appreciated.
Thanks
My question is, am I able to use this as the basis for doing my own chattels valuation? Can I take that single figure and make reasonable estimates on how that figure is broken up (ie. carpets, drapes, appliances, etc).
I would rather not have to go to the hassle of getting an independent chattels valuation, if I am able to use the figure I have got and make some reasonable assumptions about how it is broken down.
Any advice would be much appreciated.
Thanks
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