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End of attention

For assets acquired before 11.45 am on 21 September 1999, the indexation of the cost base of an asset is frozen as at 30 September 1999. Individuals, complying superannuation entities and trusts can either choose to use the indexed cost base - frozen as at 30 September 1999 - for assets acquired before 11.45 am on 21 September 1999 or choose the CGT discount - see below.

Costs incurred after 11.45 am on 21 September 1999 cannot be indexed. Indexation is not available for assets acquired after 11.45 am on 21 September 1999.

Last modified: 18 Sep 2009QC 18323