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- Newsgroups: aus.politics
- Path: sparky!uunet!munnari.oz.au!bruce.cs.monash.edu.au!alanf
- From: alanf@cs.monash.edu.au (Alan Grant Finlay)
- Subject: Re: Negative Gearing - a new question about capital gains tax
- Message-ID: <alanf.722056652@bruce.cs.monash.edu.au>
- Sender: news@bruce.cs.monash.edu.au (USENET News System)
- Organization: Computer Science, Monash University, Australia
- References: <Bxszyq.LsJ@bunyip.cc.uq.oz.au> <1992Nov17.062737.22016@trl.oz.au> <BxusMp.29n@bunyip.cc.uq.oz.au> <1992Nov18.005443.8650@trl.oz.au>
- Date: Wed, 18 Nov 1992 03:17:32 GMT
- Lines: 16
-
- c.oneill@trl.oz.au (Chris O'Neill) writes:
-
- >Negative gearing does not view the inflationary part of capital gain as taxable
- >whereas it does view the inflationary part of interest on borrowings as tax
- >deductable. This is how you make a gain while fobbing the loss on to the tax
- >office:
-
- I'm glad someone could explain what is going on here. Thanks, Chris.
-
- A question I have which doesn't directly bear on negative gearing is:
- what happens to capital gains when someone dies and wills their property to
- someone else? Do capital gains get taxed in this caser? In some cases it
- may not be possible to determine the original purchase price although in
- the case of real estate I guess there is a government record kept somewhere.
-
- -------Alan Finlay, email: alanf@bruce.cs.monash.edu.au, phone: (03)565-5225.
-