Source: Taxation In Australia Journal Article
Published Date: 1 May 2016
With tax reform high on the political agenda and this year's federal Budget touted as the government's tax platform, the single most debated tax issue has been about negative gearing and the recent proposals to wind it back. Restricting negative gearing, however, is not a new issue. In the 1980s, the government took thev view that the general taxpaying community should not be obliged to subsidise the acquisition of investments by a particular group of taxpayers in this way.
This article is intended to shed some historical light on old provisions of the Income Tax Assessment Act 1936 (Cth) which have once again become very topical. It is aimed at providing tax advisers with an understanding as to how the then negative gearing limiting measures applied, where the sections of the Act were located and what to expect going forward in light of recent comments made in the tax reform debate.
Are all dwellings substantial and permanent structures? - Journal 01 Oct 2019
No restrictions to negative gearing? Think again! - Journal 01 Aug 2019
Small business: Reduced company tax rate and imputation changes - Journal 01 Aug 2017
Scrip-for-scrip roll-over " not on automatic pilot - Journal 01 Sep 2008
Schedule 2F - A Problem of the past and a way forward - Journal 01 Jun 2006
Margin scheme: other issues - Journal 01 Sep 2004
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.