Chargeable gains – Chpt 13 example 5

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July 31, 2024 at 8:30 pm #709051
Zuzie
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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.
August 1, 2024 at 9:46 am #709066
JillyB
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When calculating the base cost – it’s what you PAID for it less ROR
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