my mother inherited shares from her father pre 20/9/85 and they will be sold by LPR.
Is the cost base the market price on date of her death and buy date the date of her death?
That is if they are sold asap after her death with 12 months, will there be any discount applied for CGT purposes?
Is the cost base the market price on date of her death and buy date the date of her death?
Yes, but there could also be DRP shares, rights issues or certain reconstructions that resulted in post CGT shares as well - cost base will not be market value.
That is if they are sold asap after her death with 12 months, will there be any discount applied for CGT purposes?
Not for the pre CGT shares.
Is the cost base the market price on date of her death and buy date the date of her death?
Yes, but there could also be DRP shares, rights issues or certain reconstructions that resulted in post CGT shares as well - cost base will not be market value.
That is if they are sold asap after her death with 12 months, will there be any discount applied for CGT purposes?
Not for the pre CGT shares.
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