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No that is wrong Mindmaster. Capital Gain is worked out as capital proceeds minus the cost base. Using your example: Capital proceeds (i.e. sale value) is $250,000. The total cost base is $100,000 + $30,000 = $130,000. So the total capital gain is $120,000. Under the old rules the taxable...

I fear Valex too. Many a deal has been derailed by them picking a 21 year old grad to value a property when he has absolutely no clue how to do so. I know that was a typo but that's my two cents ;)