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Are electronics covered in cost of acquisition for new home

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Rahul

1 Points Posted on 31 December 2023

Capital gains are from selling of long term stocks. Are electronic devices covered to offset gains as cost of acquisition of new home? I know furniture is covered.
Electronic devices like AC, fan etc..

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Quick Summary

This discussion clarifies whether electronic items such as air conditioning units and fans can be included as part of the cost of acquisition when purchasing a new home for capital gains tax purposes. The consensus is that, unlike furniture, these electronic devices are generally not covered and cannot be used to offset capital gains.