Tax & Superannuation: Capital Gains - FAQ
What is the cost base?
- Generally speaking this is the amount that is deducted from the proceeds of a CGT event in calculating the net capital gains. It is made up of:
- the acquisition cost which is generally the money paid to acquire the asset;
- any incidental costs including costs of transfer, stamp duty, valuation and advertising costs;
- ownership costs including maintenance costs and financing costs;
- enhancement costs including the costs of installing the asset; and
- title costs including the cost of establishing, preserving and defending your title to the asset.
Read some more FAQS from our Capital Gains section