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Capital Gains based on actual purchase price and price on Deed due to exchange rate

Posted 31 October 2014

Bought property for R1500000. By time exchange rate had changed paid R1900000 for it. Could difference in actual price be offset against Capital Gains

TaxTim TaxTim says:
1 November 2014 at 11:36

What is the price on the deed?

Lilian says:
1 November 2014 at 13:57

Actual price on Deed is R1 528 000

TaxTim TaxTim says:
2 November 2014 at 12:50

You can increase the base cost to be the amount spent on the purchase.

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