Page 29 - F6 - Capital Gains Tax - Base Cost
P. 29
Example – Pre-valuation (profit)
In 2015, Mr A disposes of an asset that he acquired in
1985 for proceeds of R130 000. He no longer has a
record of the expenditure incurred on the asset. Its
market value on 1 October 2001 was R25 000 and he
had incurred expenditure of
R2 000 on the asset after 1 October 2001.
Calculate the base cost of the asset.
