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?







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


Legislative references: 160ZH
Subject references: Value of own labour