Page 27 - P6 Slide - Taxation - Lecture Day 1

Base cost: Overview of calculation
Base cost

For every transaction:

Asset Disposed Expenses incurred
By person
Valuation date
Base cost = +
Trigger?
value on 1 Oct 2001 after 1 Oct 2001

Disposal of this asset by this person excluded?
Par 20

Only if acquired before
If not excluded
1 Oct 2001

Capital gain or loss = Proceeds - Base Cost