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  • Modifications to the cost base and reduced cost base



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

    End of attention

    In some cases, the general rules for calculating the cost base and reduced cost base have to be modified. For example, market value may be substituted for the first element of the cost base or reduced cost base if:

    • you did not incur expenditure to acquire the asset
    • some or all of the expenditure you incurred cannot be valued, or
    • you did not deal at arm's length with the vendor in acquiring the asset.
    Last modified: 31 Aug 2010QC 16195