Income Tax Assessment Act 1997
For most CGT events, the capital amounts you receive (or are entitled to receive) from the event are called the capital proceeds .
To work out the capital proceeds: see Division 116 .Cost base and reduced cost base 100-40(2)
For most CGT events, your total costs associated with the event are worked out in 2 different ways:
One of the main differences is that the costs may be indexed for inflation occurring before 1 October 1999 in working out a capital gain for a CGT asset acquired at or before 11.45 am on 21 September 1999 (which reduces the size of the gain), but not in working out a capital loss .
To work out the cost base and reduced cost base: see Division 110 .