Indexed cost of acquisition reduces taxable capital gain when investment asset is transferred after qualifying holding period. Allowable deductions for computing capital gains on investment assets include transfer-related expenditure, cost of acquisition and cost of improvement; ... Summary
Indexed cost of acquisition reduces taxable capital gain when investment asset is transferred after qualifying holding period.
Allowable deductions for computing capital gains on investment assets include transfer-related expenditure, cost of acquisition and cost of improvement; if the asset is transferred after the prescribed holding period, deductions are the transfer expenditure, the indexed cost of acquisition, the indexed cost of improvement, and any relief for rollover under the statute.
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