Search results

hi Ron - I loved your first movie, second was disappointing. Do you still have the dog that only understands Spanish? The 5 elements are listed at http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s110.25.html Don't forget it could include expenses while living there such as...

Don't forget the cost base has 5 elements. It is not just the value paid for the land but can include legal costs, stamp duty etc.

Paul - your example seems confusing. Here is another example: In 2000 X and Y acquire land for $80,000 as Joint tenants. They are each taken to have a 50% interest in it. On 1 August 2013 X dies. Y is taken to have acquired the X's interest on 1 August 2013. If the cost base of X's interest...