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  • Assets acquired after 13 May 1997


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you acquired a CGT asset after 13 May 1997, the cost base of the asset also excludes:

    • any expenditure in the first, fourth or fifth element that has been (or can be) claimed as an income tax deduction, or
    • heritage conservation expenditure and landcare and water facilities expenditure incurred after 12 November 1998 that give rise to a tax offset.

    Special rules apply for land and buildings. See Cost base adjustments for capital works deductions.

    Last modified: 04 Mar 2016QC 27527