Base cost – Chargeable gainsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Base cost – Chargeable gainsThis topic has 3 replies, 2 voices, and was last updated 11 years ago by atab.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts May 18, 2013 at 1:28 pm #125943 atabMemberTopics: 82Replies: 185☆☆☆Hi,With respect to chargeable gains, what exactly is meant by ‘base cost’ please? Is this referring to the amount that can actually be relieved?Thanks! May 18, 2013 at 3:54 pm #125961 atabMemberTopics: 82Replies: 185☆☆☆After working some more questions regarding the above question; is it referring to the difference between the consideration/sale proceeds and the amount relieved?Thanks! May 20, 2013 at 11:02 pm #126376 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆The term is sometimes used to describe the allowable cost to deduct from the net proceeds of the asset May 21, 2013 at 7:43 pm #126562 atabMemberTopics: 82Replies: 185☆☆☆Thank you!AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In