Capital Gains: Deduct transfer-related expenses like brokerage and stamp costs from consideration value for tax purposes.
Expenditure incurred wholly and exclusively for the transfer of a capital asset can be deducted from the full value of consideration when calculating capital gains for income tax purposes. This expenditure is deductible regardless of whether it occurs before or after the transfer, as long as it is directly related to the transfer. Examples include brokerage or commission fees and stamp costs. Such expenses cannot be claimed as deductions under any other income tax category and can only be claimed once.