Homework answers / question archive / In relation to the operation of CGT, which of the following statements is least correct? A net capital gain is included in assessable income B A capital gain arises when the market value of an asset is greater than the cost of the asset Assets purchased after 19 September 1985 generally require a consideration of CGT on their disposal D Net capital losses in any year are quarantined and carried forward to future years

In relation to the operation of CGT, which of the following statements is least correct? A net capital gain is included in assessable income B A capital gain arises when the market value of an asset is greater than the cost of the asset Assets purchased after 19 September 1985 generally require a consideration of CGT on their disposal D Net capital losses in any year are quarantined and carried forward to future years

Accounting

Share With

In relation to the operation of CGT, which of the following statements is least correct? A net capital gain is included in assessable income B A capital gain arises when the market value of an asset is greater than the cost of the asset Assets purchased after 19 September 1985 generally require a consideration of CGT on their disposal D Net capital losses in any year are quarantined and carried forward to future years.