Tax query please. Had inherited some shares last year, e.g. MQG was trading at $75 at time of inheritance but went down and sold at $45. Question is what is the relevant date for tax purposes, i.e. the date at which I inherited and subsequently disposed of at a loss; or the date the person who left me the shares actually bought them, may have been years before with no way of knowing the value at which they were originally purchased? My tax agent tells me that the relevant date is the date on which I inherited the shares! Any further clarification please?