ceeebeee1
Joined: 8/12/2024
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RE: Deductible Items from calculating the capital gain
My father passed a second property to my mother upon his death as detailed in his will. She has since sold the property for a capital gain. For the purpose of calculating CGT, is the cost of establishing title an allowable expense and can this cost be calculated as per the allowable expenditure detailed in CG30570? In this case I believe it will be 0.8% of the value of the property sold.