California Legal Codes and Statutes

§ 24912

Amended by Stats. 1997, Ch. 605, Sec. 100. Effective January 1, 1998.

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.

Cite this section

Cal. Rev. & Tax. Code § 24912 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-15-gain-or-loss-on-disposition-of-property/article-2-basis-for-computation-of-gain-or-loss/section-24912

Other sections in Article 2 - Basis for Computation of Gain or Loss

§ 24911§ 24912§ 24913§ 24914§ 24915§ 24916§ 24916.2§ 24917§ 24918§ 24919

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