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What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?

 
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What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?

  • "Maximum cost amount during the year" refers to the maximum value of your property at any time in the year (any point in any given day in 2018).
  • "Cost amount at end of year" refers to the value at the closing of 2018 TY, generally would be the acquisition cost of the property.  

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Highlighted
Moderator

What is meant by 'maximum cost amount' in relation to property? Does this mean the sales price?

  • "Maximum cost amount during the year" refers to the maximum value of your property at any time in the year (any point in any given day in 2018).
  • "Cost amount at end of year" refers to the value at the closing of 2018 TY, generally would be the acquisition cost of the property.  

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