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  1. J

    Capital gains counting as assessable income?

    Rob G and kenster Thanks for making me laugh! No I don't want to challenge negative gearing and I certainly want to be in Kenster's 5%! As I said in my first post, this was a purely adacemic thought exercise on my behalf, probably driven by being sick of Tiger mania in Melbourne...I'm a...
  2. J

    Capital gains counting as assessable income?

    Indeed - but what about when a capital gain is a significant part of the purpose for the expenditure? If I buy a fully geared $500k investment property with a low yield, say 2.5%, but the expectation of a very significant capital gain after 10 years, say 7% pa growth, the total assessable...
  3. J

    Capital gains counting as assessable income?

    I've been thinking a little about the question of whether capital gains count as assessable income, for the purposes of establishing whether the losses on an investment could be generally deductible, per Fletcher, etc. S. 51AAA tells us that capital gains don't count as assessable income for...
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