• What is the reduced cost base?

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

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    When a CGT event happens to a CGT asset and you haven't made a capital gain, you need the asset's reduced cost base to work out whether you have made a capital loss. (Remember, a capital loss can only be used to reduce a capital gain - it cannot be used to reduce other income.)

    Last modified: 04 Mar 2016QC 27527