Capital gains tax implications came into force on 19 September 1985, before this date a sale of
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Question:
Capital gains tax implications came into force on 19 September 1985, before this date a sale of a capital asset was not part of the tax system. Why do you think the federal government enacted the changes to the Income Tax Assessment Act to include capital gains tax?
b) Why do you think that a capital loss from a personal use asset is always disregarded?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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