Class notes example 5 pg 121
Please tell what is the base cost on the 750,000:
New purchase cost - 750,000
Less ROR (70,000)
Base cost 680,000
If alternatively we use 800,000 for the cost, why because in previous examples she used the new purchase cost and not the original purchase cost?
Thanks for taking the time to answer my question.
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Chargeable gains - Chpt 13 example 5
When calculating the base cost - it's what you PAID for it less ROR
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