Page 44 - F6 - Capital Gains Tax - Base Cost

Standard Proceeds formula (par 30(2))

The proceeds formula is based on the premise that

 post-valuation date expenditure generates only post-

valuation date gain/loss, while

 pre-valuation date expenditure generates both pre-

valuation date gain/loss and post-valuation date

gain/loss

 we have to determine which part of proceeds relates to the pre-

valuation date gain/loss