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In relation to the operation of CGT, which of the following statements is least correct? A A net capital gain is included in assessable income
In relation to the operation of CGT, which of the following statements is least correct? A A net capital gain is included in assessable income B A capital gain arises when the market value of an asset is greater than the cost of the asset Assets purchased after 19 September 1985 generally require a consideration of CGT on their disposal Net capital losses in any year are quarantined and carried forward to future years
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