Page 43 - F6 - Capital Gains Tax - Base Cost

Standard Proceeds formula (par 30(2))

 Apply BOTH standard formulae if expenses incurred before

AND on/after 1 Oct 2001

 Standard proceeds formula determines the proceeds

derived from qualifying expenditure incurred before

1 October 2001.

 Thereafter, the standard TAB formula provided in par 30(1) is

applied to determine the valuation date value.

P Proceeds to be used in standard TAB formula (par 30(1))

R Real/actual proceeds from disposal (less certain selling exp)

B Par 20 qualifying exp before 1 Oct 2001

A Par 20 qualifying exp on/after 1 Oct 2001