3. In order for a lifetime pension to be 100% asset test exempt, which of the following apply?

a. Payments must be made at least quarterly

b. It must have commenced prior to 20 September 2004

c. Indexation of the income payments must never exceed the CPI d. There must be a Residual Capital Value (RCV).

Home Ownership and Property

4. Sheila Steward is undertaking a comparative analysis of investing in property with a focus on capital benefits and losses associated with the investment. Which of the following factors may not be important in her analysis?

a. Capital appreciation

b. Applicable time frame for realising capital gain

c. CGT Capital Gains Tax and income tax consequences d. Rental income from the property

5. Which of the following is a tax deduction available to the investors of rental properties for cost incurred?

a. Advertising

b. Depreciation on fixtures and fittings

c. Council Rates

d. All of the above