Unclaimed Deductions? Can be added to cost base…

If there is any unclaimed deduction directly related to an income-producing asset, an adjustment under
capital gains tax rules may be available.
A private binding ruling released on 7 th March 2018 has investigated this area. This ruling highlights
options available for practitioners when finding new information about a taxpayer’s affairs.

Source: CCH (PBR 1051287100299)

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