Page 5 - F6 - Capital Gains Tax - Base Cost
P. 5
Base Cost: Overview Of Calculation
For every transaction:
Valuation date
Base cost = Asset value on 1 Oct Disposed + Expenses incurred
By person
Trigger? after 1 Oct 2001
2001
Par 20
Disposal of this asset by this person excluded?
Only if acquired
before 1 Oct 2001
If not excluded
Capital gain or loss = Proceeds - Base Cost