CGT Determination Number 60

TD 60

Capital Gains: Can the value of a taxpayer's labour be included in the cost base of an asset constructed or created by the taxpayer?

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FOI status:

may be releasedFOI number: I 1019553

1. No. Where an asset is constructed or created by the taxpayer, no value can be attributed to that labour for inclusion in the cost base of the asset.

Commissioner of Taxation
21 May 1992


ATO references:

ISSN 1037 - 1419

Subject References:
Value of own labour

Legislative References:

TD 60 history
  Date: Version: Change:
  21 May 1992 Original ruling  
You are here 29 November 2006 Original ruling + note Repeal provision note