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Alexlee,i'm not 100% sure how that worked back then as i only started around 1989 in the equities markets,but you also had capital gains tax kick in also on 19 th september 1985 just after Paul Keating abolished the tax deductibilty for neg geared property and from experience that affected...

The 1985 legislation did not extend to non-property situations such as negatively geared share portfolios..willair..