Hey SierraI think you are looking on the capital side of things,...

Hey Sierra

I think you are looking on the capital side of things, the buying and selling of the assets and tax treatment. I won't go there as I don't want to post too much but I am sure that can be an interesting discussion

My posts were about the income generated from the assets and the deductability/ offset of losses against other income.

2 different issues (but can be related to each other of course)

KINCELLA - do you remember the old tax case where it made the principle clear that the ATO could not tell you how to run the activity but you only had to have the intention of a profit even though you probably were not reasonably going to do it yet still able to offset losses.

Anyway, I will relieve you all of any more posts today.

DDZX and Sierra, all the best

regards