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  1. geoffw

    Treatment of depreciation for CGT calcs

    Coastymike- do the acquisition and disposal costs get added to the cost base?
  2. geoffw

    Treatment of depreciation for CGT calcs

    Sorry Jom, I don't know the answer to that. I'd have to leave that to the experts.
  3. geoffw

    Treatment of depreciation for CGT calcs

    It's only the depreciation on the building which will reduce your cost base, not depreciation on any fittings etc. Your actual CGT will not be $10k in the above scenario- $10k will be added onto your income, and you will pay tax on that amount according to your marginal rates, so a maximum of $5K.
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