The person who acquires the property acquires the property acquires the same cost base as the person who has transferred it. For example, bot at $120,000 between husband (David) and wife. Marriage breakdown; Family court order that the hubby should have the investment unit. The property market value is $150,000. David only gets CGT when sell the property at $150,000 and get a discount CGT of half of $30,000 gain i.e $15,000.
Tax Reference Notes and Tips