Register for Capital Gains Tax

Date Incurred Expenditure’s Describe #1
Amount $
Documents Held eg. Share Certificates
CPI Figure #2 Index Factor #3 Indexed Cost Base #4 Allowed Deduction #5 Reduced Cost Base #5
                 
                 
                 
                 
                 
Cost Base   Indexed Cost Base $   $Reduced Cost Base $  

 

If asset owned for less than 12 months: Asset owned for 12 months or more If reduced cost base exceeds consideration
           
           
           

#1: eg. purchase price, capital improvements

#2: CPI Figure - see over

#3: Indexation Factor - see over

#4: Cost base multiplied by indexation factor

#5 Amounts allowed as tax deductions are reduced by any amount recouped or included as assessable income on disposal.

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