Question 1
Henry, a tax resident of Australia, was a famous jazz singer who passed away recently. Jack, a writer was on Henry’s life story and wished to jot down a bibliography on Henry’s life. Jack approached Henry’s spouse, Jenny (additionally a tax resident of Australia) to interview her on Henry’s life story. She was provided $1 million for Henry story. Jenny was paid $500,000 deposit earlier than the interview. After the interview she was paid the steadiness of the cash.
Would the tax penalties have modified if Jenny had written the e book herself?
Required
Advise Jenny on her tax penalties.
You could cite the related case regulation and laws
(10 marks)
Question 2
Sally is a single mum or dad who is employed as an accountant. In an effort to attend employment she should put her younger baby in a day-care centre. Sally considers the expense is essentially incurred in gaining her earnings. Would she be entitled to a tax deduction underneath s8-1?
Required
Advise Sally of her tax penalties
(10 marks)
Question three
Joseph conducts an plumbing enterprise. With a view to future retirement he purchases 20ha of land and crops native wildflowers that he plans to reap and promote. As a preliminary measure he arranges to clear the land and plough in compost. It’s anticipated that the primary business crop is not going to be harvested for 5 years. He incurs curiosity on a mortgage to finance the land buy, land preparation prices, fertilizer prices and prices of buying native seedlings.
Advise Joseph of the tax penalties of the enterprise.
You could cite the related case regulation and laws
(15 marks)
Rationale
This Assessment process covers subjects from week 1 to 10 and has been designed to make sure that you’re partaking with the topic content material on a common foundation. :
This project has been designed to evaluate your potential to
• be capable of determine and clarify the foundations of regulation referring to taxation regulation subjects coated within the topic
• give you the option display a capability to interact in authorized analysis
• be capable of use authorized analysis expertise to use the regulation to authorized issues referring to taxation in order to succeed in a resolution
• be capable of analyse authorized guidelines in order to distinguish between attainable outcomes to the authorized points arising from novel reality conditions.
College students ought to be capable of determine and apply laws and case regulation to the problems recognized in addition to display the flexibility to analyse the problems totally and talk about the applying of taxation ideas
Marking standards
In assessing your project the marker will anticipate you to:
• current an essay that’s readable and coherent;
• use acceptable language, appropriate spelling and grammar;
• determine and analyse related points;
• clarify and apply related instances, rulings and laws;
• attain a sound and well-reasoned conclusion;
• use acceptable referencing; and
• display time administration expertise.
Presentation
• Your reply shouldn’t exceed the three,000 phrase restrict, excluding the bibliography. The project have to be typed in Occasions New Roman, 12 level font, 1.5 spaced and with at the very least a 2.5cm margin on both sides. You could use APA referencing system. Case and statute names ought to be italicised.
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• Please adjust to the next type information:
• 1. Don’t re-state the Question Assignment.
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• 2. Use in-text referencing. Don’t use footnotes.
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• three. Names of statutes ought to be italicised, and adopted by the jurisdiction not in italics, for instance: Acts Interpretation Act 1901 (Cth). Be aware the abbreviation for ‘Commonwealth’ is ‘Cth’ not ‘Cwlth’.
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• four. The names of the events have to be italicised, however the quotation should not, for instance: Smith v Jones (1967) 345 CLR 34.
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• 5. An in-text reference to a e book ought to be structured as follows: (Latimer, 2010, p. 75). There is no such thing as a have to put the creator’s preliminary. Be aware the positioning of brackets, stops and commas. You utilize ‘pp.’ provided that referring to a couple of web page. If you’re referring to a e book with a couple of creator, the in-text reference could be as follows: (Smith et al, 2002, p. 78).
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• 6. An in-text reference to the topic’s Modules ought to be structured in brackets as per the next instance – clearly you’ll alter the reference relying on the topic, 12 months of research and Module quantity: (CSU LAW505 Modules, 2015, Subject 7).
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• 7. Don’t begin a new line merely since you are beginning a new sentence.
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• eight. Watch out of apostrophes: director’s = of a director, administrators’ = of many administrators, administrators = many administrators. Additionally notably prevalent is confusion between its (it possessive) and it is (contraction of “it’s”).
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• 9. The next phrases at all times begin with a capital letter: Commonwealth, State, Act, Invoice, Regulation, Structure, Parliament. Don’t unnecessarily capitalise different phrases.10. Don’t use phrases resembling cannot, will not, do not and should not, neither ought to one use “i.e.” and “e.g.” in formal writing.
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• 11. A sentence should at all times start with a full phrase and a capital letter – so a sentence would begin ‘Part 55 says…’, not ‘S 55 says…’ or ‘s 55 says…’
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• 12. Begin every paragraph on a new line, and go away a clear line hole after the previous paragraph.
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• 13. You could put web page numbers in your project.
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• 14. Quotations, and excerpts from laws ought to be indented from the remaining of the textual content in a separate paragraph. The textual content in quotations shouldn’t be in italics.
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• 15. You could finish your project with a bibliography that’s divided into three separate components, itemizing statutes, instances and books / articles / on-line Modules.
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• 16. A list of a e book in a bibliography ought to seem in accordance with the next format: Barkoczy, S (2015). Basis of Taxation Legislation 2015, (seventh version), North Ryde: CCH. If itemizing a e book with a number of authors, accomplish that as follows:
• Sadiq, Ok, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A (2015), Rules of Taxation Legislation 2015, (eighth version), Pymont: Thomson Reuters
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• 17. When itemizing statutes on the finish of your project you must conform to the format: Revenue Tax Assessment Act 1997 (Cth). Record the statute solely as soon as – you do NOT listing particular person part numbers relied on. You shouldn’t listing textbooks because the supply of Acts – the Act itself is its personal supply.
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• 18. When itemizing instances conform to the format: Allied Mills Industries Pty Ltd v FC of T 89 ATC 4365.
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• 19. When itemizing article conform to the format: Jones, J ‘The brand new Assessment of regulation’ (2010) four Journal of Latest Legislation 34.
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• 20. When itemizing CSU Modules conform to the next format: CSU LAW505 Modules.
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• 21. Make it possible for your sentences are grammatical – it could be helpful to learn your project out loud you probably have any doubts about this.
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• PLEASE NOTE THAT YOU WILL LOSE MARKS IF YOU DO NOT COMPLY WITH THIS STYLE GUIDE.
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