Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a cost base modification replaces an element of the * cost base of a * CGT asset with an amount, this Part and Part 3 - 3 apply to you as if you had paid that amount.
Example: An individual pays $10,000 to acquire an option. The individual dies and the option devolves to his legal personal representative, who exercises the option.
Section 134 - 1 applies to the legal personal representative as if the representative had paid $10,000 for the option.