Net consideration for capital-asset transfers equals full consideration less expenditure wholly and exclusively connected with the transfer. Net consideration for a capital-asset transfer is determined from the full value of consideration received or accrued, after subtracting expenditure ... Summary
Net consideration for capital-asset transfers equals full consideration less expenditure wholly and exclusively connected with the transfer.
Net consideration for a capital-asset transfer is determined from the full value of consideration received or accrued, after subtracting expenditure incurred wholly and exclusively in connection with the transfer. The calculation recognises both consideration already received and consideration accruing from the transfer. The stated reduction is confined to expenditure having the required exclusive connection with that transfer.
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TaxTMI 
TaxTMI 
