AITI Chartered Tax Adviser
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What is acquisition cost in relation to CGT?

If you are registered for VAT, the asset’s acquisition cost is its VAT-exclusive cost.

If you bought and sold an asset in a foreign currency, its acquisition cost is the market exchange rate equivalent of its foreign currency cost on the date it was acquired.

If you acquired the asset before 6 April 1974, its acquisition cost is its market value on that date.