Franking Credits, page-17

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    Of course there is, they're two different taxes that can't be offset.
    You can only offset negative gearing losses against income not capital gains.

    NG is a subsidy to invest in property that inflates the market.
    CGT discount is an incentive to make long term investments of greater than 1 year, almost all property investments are investments greater than 1 year so the incentive is not required.


 
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