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CGT Cost Base Question, page-11

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25/04/18

15:26

Post #: 32676019
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Originally posted by nitrogeon ↑

This is what I was referring to from the ATO's website. If I'm not receiving dividends I cant claim these deductions as an investor or otherwise add to my CGT cost base.

Allowable deductions from dividend income

If you invest in shares, you may be able to claim a deduction for certain expenditure you incurred in deriving your income from those shares. The following are examples of expenses that may be deductible.
Internet access and computers

You may be able to claim the cost of internet access in managing your portfolio. For example, if you use an internet broker to buy and sell shares, the cost of internet access will be deductible to the extent you use the internet for this purpose. You cannot claim a deduction for the private use portion.
You can also claim a capital allowance (previously known as depreciation) for the decline in value of your computer equipment to the extent that it has been used for income-producing purposes. You cannot claim a capital allowance for the private use portion.

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