Search results
Results from the WOW.Com Content Network
for each qualifying asset, calculate the capital gain: the difference between proceeds of sale of the asset and its indexed cost base, but with indexation stopped at the CPI as of the quarter ending 30 September 1999. capital losses are applied in the usual manner: capital losses (of the same or previous years) reduce the capital gain.
Capital gains tax (CGT) in Australia is part of the income tax system rather than a separate tax. [22] Capital gains tax was introduced by the Hawke Labor government in September 1985 and allowed for indexation of the cost base of the capital asset to the Consumer Price Index , to account for annual price inflation .
Capital loss is the difference between a lower selling price and a higher purchase price or cost price of an eligible Capital asset, which typically represents a financial loss for the seller. [ 1 ] [ 2 ] This is distinct from losses from selling goods below cost, which is typically considered loss in business income.
The Moneysmart website was officially launched on 15 March 2011, [3] as part of the Australian Government's National Financial Literacy Strategy 2008–2010. [4] In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money [5] website.
AOL latest headlines, entertainment, sports, articles for business, health and world news.
(Australian) Central Daylight Saving Time (ACDT or CDST) – UTC+10:30, in South Australia and Broken Hill, New South Wales (Australian) Eastern Daylight Saving Time (AEDT or EDST) – UTC+11:00, in New South Wales, the ACT, Victoria, and Tasmania; During the usual periods of DST, the three standard time zones in Australia become five zones.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.