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Cost base - gifted asset

Heisenburg81 · 2016-12-30 19:39:15

In the case of an asset received as a gift - what is your cost base going forward - Market Value or Original Cost? I know for an inter spousal transfer the donee takes the original cost and period of ownership - is this the case for all gifted property?

30-12-2016 7:39pm

#1

Heisenburg81

Closed Accounts Posts: 322 ✭✭

Join Date: December 2016

Posts: 187

In the case of an asset received as a gift - what is your cost base going forward - Market Value or Original Cost?

I know for an inter spousal transfer the donee takes the original cost and period of ownership - is this the case for all gifted property?

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#2 30-12-2016 7:51pm

thegolfer

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Posts: 343

Market value of the gift on date if transfer.

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