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Ingrid says: 24 November 2015 at 14:49 The asset was acquired by a will, so I did not pay anything for it. How do you determine the base cost value. |
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TaxTim says: 24 November 2015 at 15:06 It would be the market value on the day of death of the person. |
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Ingrid says: 24 November 2015 at 15:11 An evaluation of an estate agent or the municipal valuation? |
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TaxTim says: 24 November 2015 at 15:30 The executor of the estate would have had to do this for tax purposes when filing the last tax return so you would use that value. |
