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Bounty 14a · Rule review · OPEN $400 ex GST

Bounty #14a: event, proceeds and cost base

The first family: CGT event A1 timing, the capital proceeds, and the cost base and its elements. About two hours. Paid for the review whatever you find.

~2 hrsRules: knowledge base Parts A (income year), D (proceeds) and E (cost base).Rules, not a calculator

Effort: ~2 hrs · Fee: $400 ex GST · Finding bonus: $100 per accepted defect, graded (wrong figure in scope / silent default / missing refusal / documentation)

Provisions

ss 104-10(1), (3), (4); 116-20, 116-30(1), (2); 110-25, 110-35, 110-45(2), 110-55, 112-20, 103-30; 108-17, 108-30 (third element excluded for collectables and personal use assets).

Rules and scenarios to trace

Rules: knowledge base Parts A (income year), D (proceeds) and E (cost base).
Scenarios: s1, s3, s13 (nil and one dollar; the s 110-45(2) deduction strip), s15 (market value substitution), s16 (GST and property proceeds), s25 (year boundary), s50 (ownership costs boundary), s55/s56 (nil proceeds), s42–s47 (missing inputs).

What we most want

  1. Is the s 110-45(2) treatment right for post-13 May 1997 acquisitions, and is the s 110-55(4) treatment right for the reduced cost base?
  2. s 116-30(1): confirm the market-value substitution wording (open question Q9).
  3. Q5: is the fourth element excluded for collectables and personal use assets, or only the third?
  4. Q16: cost base is keyed on the asset, not the disposal; state whether that matters for any in-scope fact pattern.

Common to every family page

How we work

Rules, models and human judgement — how LodgeiT writes tax law as Logical English. This is a rule-review bounty, like Bounties #11 and #12: you check the law written out as rules, not a calculator, and tell us whether we stated it correctly. No software to install.

Your deliverable

The filled-in VERDICT_FORM.md (v1.2.1) — complete the row(s) for this family in §2, plus §3 (break-it), §11 (attestation) and §12 (signature) — attached to an email to support@lodgeit.net.au. Free-form prose is equally acceptable. §12 is a separate act from the verdict, and you are paid for the review whatever you answer there.

Reserve & send your verdict

Reserve 14a, then send your verdict

Email us to reserve it before you start, then send the completed verdict form to support@lodgeit.net.au.

support@lodgeit.net.au