Why do you think that a capital loss from personal use asset, Taxation

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Why do you think that a capital loss from personal use asset

Problem

• 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?

• Why do you think that a capital loss from a personal use asset is always disregarded?

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Taxation: Why do you think that a capital loss from personal use asset

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Taxation: Why do you think that a capital loss from personal use asset

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