How to find cost base of inherited shares purchased decades ago

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Bruce4Tax · Answer

Shares purchased AFTER 20 September 1985, then the cost base was what Grandad paid for them. That is correct. If the deceased acquired the asset on or after 20 September 1985, the first element of your cost base is generally what the deceased's cost base for the asset was on the day they died. from https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/inherited-assets-and-capital-gains-tax/cost-base-of-inherited-assets#ato-Assetacquiredbydeceasedafter20September1985 For shares, that means - Cost to original owner - less return of capital, if any - adjusted for any events, like demergers, etc

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