Section J – Valuation and appraisal information
Disclaimer
We do not guarantee the accuracy of this copy of the CRA website.
Scraped Page Content
Section J – Valuation and appraisal information
If you answer yes in question 6 in Section C, or to the question "Valuation or appraisal to determine cost?" in Section I, you have to complete Section J and provide the additional information requested below.
Valuator's name and address
Enter the name and complete address for each valuator involved, or that will be involved in the arrangement. Follow the instructions for Complete address. Include the valuators and appraisers who are expected to prepare reports if the reports have not been prepared yet.
If the arrangement is dependent on a valuation, but a valuation has not been made yet and you do not know who the valuator will be, complete Section L – Outstanding items providing an explanation.
Number of reports
Enter the number of valuation and appraisal reports prepared by each valuator. Attach a copy of each report, or a draft if final copies are not available, to this application. Send the final copies when they become available.
If no valuations have been made yet but the valuators are known, enter "nil" in this column, and when the reports become available, send a copy to us.
Notes
Fair market value (FMV) generally means the highest price that a property would bring, expressed in dollars, in an open and unrestricted market, between a willing buyer and a willing seller who are both knowledgeable, informed, and prudent, and who are acting independently of each other.
FMV does not include any amounts paid or payable to other parties, such as commissions to sales agents or sales taxes like the goods and services tax/harmonized sales tax (GST/HST) or provincial sales taxes.
If there is not enough space, attach a separate sheet using the same format as on this form.
- Date modified:
- 2018-12-14