Business Owners · Koste Knowledge Base
What is a Property CGT Cost Base Report for a Business?
Quick Answer
A CGT Cost Base Report for business properties details the original purchase cost, improvements, and associated expenses to determine the capital gain for tax purposes. It is crucial for accurate CGT calculations, especially when selling a property. Consult a Chartered Quantity Surveyor to ensure compliance and maximise deductions.
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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai