FDL flinders diamonds limited

capital gain tax, page-20

  1. 842 Posts.
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    D2

    I was of the understanding that;

    * As an investor you are entitled to the CGT discount after 12 months regardless of intention..... but....

    * If you have borrowed money to invest and want to claim that as a deduction, you must have bought the shares with the intention of receiving a dividend.

    Just shows how important is to to seek advice. That's my accountants take on it??

    cheers again
 
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