What is a business?

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Find out about the importance of preparing a business plan and how to apply for an Australian business number.

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  • Fact 5

    In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.

Capital loss

Occurs when a capital gains tax asset is sold or disposed of for less than its purchase price.

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