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  • Assets acquired after 13 May 1997

    Attention

    Warning:

    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