CGT Determination Number 60

TD 60

Capital Gains: Can the value of a taxpayer's labour be included in the cost base of an asset constructed or created by the taxpayer?

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FOI status:

1. No. Where an asset is constructed or created by the taxpayer, no value can be attributed to that labour for inclusion in the cost base of the asset.

Commissioner of Taxation
21 May 1992

References

ATO references:
NO CGT Cell

Subject References:
Value of own labour

Legislative References:
160ZH