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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.

 

 

 

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