Taxation Law

• Subject Code : BULAW5916
• University : Federation University My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Taxation Law and Practice - Question 1 ABC Pty Ltd sells upmarket washing machines. It had $200,000 stock on hand at the beginning of the 2017/2018 financial year. It purchased $50,000 of additional trading stock during the income year. The closing stock on hand was $130,000. At the beginning of the 2018/2019 financial year ABC Pty Ltd had $130,000 stock on hand. It did not purchase any stock during the year as it was having financial diffi…

• Subject Name: Taxation Law

Understanding of Relevant Taxation Law and Policy Issues  Contents Introduction: Question 1: Brief description of Fact: Decision at 1st Instance: Why did Full Federal Court Judges Disagree?. Prospects of any proposed appeal to the High Court: Questions # 02: Capital Gain Calculation: If Enid inherited it from her aunt, Sophia on February 12, 1999: Part B: Brief description: Introduction: The FFC (Full Fede…

• Subject Name: Taxation Law

Case Study: Edwin Conditions for availing CGT Concessions According to the small business entity, CGT Concessions rules[1], a small business is entitled to certain CGT concessions concerning the sale of an active asset by it. A business entity shall be regarded as a small business entity for these concessions only if its aggregate annual turnover including the turnover of its connected entities [2]is not more than $ 2 million. This is …

• Subject Name: Taxation Law

2017 OECD Model Tax Convention (MTC) Answer to Question 2: Question: Discuss whether country B is allowed to tax the income received by ACO from its customers in country B under the A/B treaty? Discussion Indeed, under the 2017 OECD Model Tax Convention (MTC), country B is allowed to tax the income received by ACO from its customers in the country. This convention applies to customers of one or both of the contracting states, regardle…

• Subject Code : ACC301
• University : Kings Own Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Case Study: Michael Answer to Question- 1 :- ASSESSABLE INCOME FOR THE YEAR ENDED 30.06.2019   PARTICULARS AMOUNT($) PROFIT FROM OPERATION  $ 640,000.00 (915000-275000)   ADD:RENTAL FROM PROPERTY  $ 95,000.00 ADD:EXCESS PAYMENT…

• Subject Name: Taxation Law

Federal Commissioner of Taxation v Stone 2005 ATC 4234 Brief Facts Joanna stone was one of the athletes who was playing for Australia Olympic and had represented the country in various international competition including the Olympic Games. Stone was also employed in the police force in Queensland. However, she had retired from the sport due to injuries caused during the game and now working as a full-time policewoman. Stone had received var…

• Subject Name: Taxation Law

Part-1 Solution: Fringe Benefits Tax Fringe benefit are those payment made by employer to employee other than by way of salary. Employee means any employee who serve or serving in current, past or future. It also includes director of the company and a person being beneficiary of trust involve in activity in relation to business. There are different types of fringe benefit can be provided such as providing interest free loan to employee, …

• Subject Code : BFA714
• University : University of Tasmania My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

(A) Explain and determine the Section 90 (ITAA36) partnership net income for the 2020 income year. Partnership In a layman’s language, partnership is something where two or more than two people come together to constitute any business activity in order to meet their common objective or mutual forecasted goal from the same. However, technically partnership is something where all the individuals form a relationship in view of profit and…

• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Week 1 Different Functions of Taxation Taxes are described as contributions by donors to budget and extra-budget funds in set sums within a normal and specified time period. The tax purpose is an abstraction of its essence, the tax feature outlines its social goals of value-based allocation and income redistribution. Any step taken by the taxing machinery is an indication of the essence or group of such internal features, indices or econ…

• Subject Code : HI6028
• University : Holmes Institute My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation Law

Calculation of Taxation Law  Table of Contents Week 6 Week 7 Week 8 Week 9 Week 10 References Week 6 The provisions of the Income Tax Assessment Act related to Fringe Benefit Tax provide that any payment made by the employer towards expenses of the employee would be regarded as a fringe benefit irrespective of whether the amount is reimbursed to the employee or paid directly to any third party (ATO, n.d. a). Accor…