Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24912 — Basis for Computation of Gain or Loss
Cal. Rev. & Tax. Code § 24912
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1998-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The basis of property shall be the cost of the property, except as otherwise provided in Chapter 8 (commencing with Section 24451), relating to corporate distributions and adjustments, and this chapter. The cost of real property shall not include any amount in respect of real property taxes…
Citator
Cal. Rev. & Tax. Code § 24912 — Basis for Computation of Gain or Loss is in force in the current edition of the Code, and nothing recorded condemns it.
The basis of property shall be the cost of the property, except as otherwise provided in Chapter 8 (commencing with Section 24451), relating to corporate distributions and adjustments, and this chapter. The cost of real property shall not include any amount in respect of real property taxes which are treated under Section 24346 as imposed on a corporation.