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Acquisition cost

Gains from transfer of property | Income on financial assets | Investment account | Supplementary funded pension | Taxation of income of legal persons located in low tax rate territories | Training expenses | Mandatory social security contributions | Non-resident's taxable income | Non-resident’s income not subject to income tax | Calculation of taxable income |


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(1) Acquisition cost means all certified expenses which a taxpayer makes in order to obtain, improve or supplement property, including any commissions and fees paid.

(2) The acquisition cost of property acquired by way of a finance lease is the total amount of contractual lease payments or down payments, without interest.

(3) The acquisition cost of a self-manufactured object means the total amount of certified expenses incurred in manufacturing the object.

(4) The acquisition cost of property acquired for privatisation vouchers issued to a natural person by the state or received by succession or from his or her spouse, parent or child is deemed to be the average selling price of the privatisation vouchers as quoted on the stock exchange on the date of acquiring the property. The acquisition cost of property acquired before privatisation vouchers came to be quoted on the stock exchange is deemed to be the average local selling price of the privatisation vouchers on the date of acquiring the property.

(5) The acquisition cost of a holding (shares, contributions) acquired as a result of a merger, division or transformation of companies or non-profit co-operatives is deemed to be the acquisition cost of a holding in the company or non-profit co-operative being acquired, acquiring or being divided or transformed or contributions made to acquire such holding, to which additional contributions made during the merger, division or transformation have been added, and from which payments received have been deducted.

(51) The acquisition cost of a holding (shares, contributions) acquired by way of a non-monetary contribution shall be equivalent to the acquisition cost of the assets which constituted the non-monetary contribution. If the acquisition cost of the thing or proprietary right which constituted a non-monetary contribution has previously been deducted from the business income of the natural person and income tax has not been charged on it as assets taken into personal use, the acquisition cost of the holding shall be deemed to be zero. The provisions of the previous sentence also apply to membership in non-profit associations if the joining fee or membership fee paid to the association has been deducted from the business income.
[RT I, 18.11.2010, 1 - entry into force 01.01.2011]

(52) Additional contributions made shall be added to the acquisition cost determined pursuant to subsection (51) and payments received shall be deducted therefrom. In the calculation of acquisition cost, supply of labour or other services shall not be considered to be a non-monetary contribution.

(6) The acquisition cost of securities of the same class which are acquired at different prices and different times shall be calculated by consistently applying one of the following methods:
1) FIFO – transfer takes place in the order of purchase or
2) the weighted average method – the acquisition cost of one transferred security shall be calculated by dividing the amount of the acquisition costs of securities of the same class existent at the time of transfer by the number of securities of the same class.

(7) If, in the case of an assets sales transaction with the obligation or right to repurchase the assets in the future within a specified term and at a specified price (repo agreement), the repurchase price of the assets is higher than the sales price, the sales price of the assets sold by way of the repo agreement shall be deemed to be the acquisition cost of the repurchased assets.

(8) The acquisition cost of assets on which income tax is charged pursuant to §§ 48–50 or in a foreign state shall be increased by the amount of income tax charged.
[RT I, 18.11.2010, 1 - entry into force 01.01.2011]

(9) The acquisition cost of the units of an investment fund which are transferred in the course of a switch is deemed to be the acquisition cost of the units acquired upon the switch of the units of an investment fund specified in clause 15 (4) 11) of this Act.
[RT I 2004, 36, 251 - entry into force 01.05.2004]

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