Question 1
Henry, a tax resident of Australia, was a well-known jazz singer who handed away not too way back. Jack, a author was on Henry’s life story and wished to place in writing a bibliography on Henry’s life. Jack approached Henry’s partner, Jenny (moreover a tax resident of Australia) to interview her on Henry’s life story. She was offered $1 million for Henry story. Jenny was paid $500,000 deposit sooner than the interview. After the interview she was paid the stableness of the money.
Would the tax penalties have modified if Jenny had written the e ebook herself?
Required
Advise Jenny on her tax penalties.
You have to to quote the associated case laws and legal guidelines
(10 marks)
Question 2
Sally is a single mom or father who’s employed as an accountant. To have the ability to attend employment she ought to put her youthful baby in a day-care centre. Sally considers the expense is basically incurred in gaining her income. Would she be entitled to a tax deduction under 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 vegetation native wildflowers that he plans to reap and promote. As a preliminary measure he arranges to clear the land and plough in compost. It is anticipated that the first industrial crop shouldn’t be going to be harvested for five years. He incurs curiosity on a mortgage to finance the land purchase, land preparation costs, fertilizer costs and costs of shopping for native seedlings.
Advise Joseph of the tax penalties of the enterprise.
You have to to quote the associated case laws and legal guidelines
(15 marks)
Rationale
This analysis exercise covers topics from week 1 to 10 and has been designed to just be sure you’re collaborating with the subject content material materials frequently. :
This venture has been designed to judge your functionality to
• be succesful to find out and make clear the rules of laws concerning taxation laws topics coated throughout the matter
• have the choice reveal a functionality to work together in approved Assessment
• be succesful to make use of approved Assessment experience to make use of the laws to approved points concerning taxation in an effort to reach a solution
• be succesful to analyse approved tips in an effort to distinguish between potential outcomes to the approved factors arising from novel reality situations.
School college students must be succesful to find out and apply legal guidelines and case laws to the issues acknowledged along with reveal the flexibleness to analyse the issues completely and discuss in regards to the making use of of taxation guidelines
Marking requirements
In assessing your venture the marker will anticipate you to:
• present an essay that is readable and coherent;
• use relevant language, proper spelling and grammar;
• decide and analyse associated factors;
• make clear and apply associated situations, rulings and legal guidelines;
• attain a sound and well-reasoned conclusion;
• use relevant referencing; and
• reveal time administration experience.
Presentation
• Your reply mustn’t exceed the three,000 phrase prohibit, excluding the bibliography. The venture ought to be typed in Cases New Roman, 12 degree font, 1.5 spaced and with not lower than a 2.5cm margin on both facet. You have to to make use of APA referencing system. Case and statute names should be italicised.
•
• Please regulate to the subsequent kind info:
• 1. Do not re-state the question.
•
• 2. Use in-text referencing. Do not use footnotes.
•
• three. Names of statutes should be italicised, and adopted by the jurisdiction not in italics, as an illustration: Acts Interpretation Act 1901 (Cth). Phrase the abbreviation for ‘Commonwealth’ is ‘Cth’ not ‘Cwlth’.
•
• 4. The names of the occasions ought to be italicised, nonetheless the citation mustn’t, as an illustration: Smith v Jones (1967) 345 CLR 34.
•
• 5. An in-text reference to a e ebook should be structured as follows: (Latimer, 2010, p. 75). There is no must put the author’s preliminary. Phrase the positioning of brackets, stops and commas. You make the most of ‘pp.’ offered that referring to a couple of internet web page. For those who’re referring to a e ebook with a couple of author, the in-text reference might be as follows: (Smith et al, 2002, p. 78).
•
• 6. An in-text reference to the subject’s Modules should be structured in brackets as per the subsequent occasion – clearly you will alter the reference counting on the subject, yr of analysis and Module amount: (CSU LAW505 Modules, 2015, Topic 7).
•
• 7. Do not start a model new line merely since you’re starting a model new sentence.
•
• eight. Be careful of apostrophes: director’s = of a director, directors’ = of many directors, directors = many directors. Moreover considerably prevalent is confusion between its (it possessive) and it’s (contraction of “it is”).
•
• 9. The following phrases always start with a capital letter: Commonwealth, State, Act, Bill, Regulation, Construction, Parliament. Do not unnecessarily capitalise completely different phrases.10. Do not use phrases reminiscent of can not, won’t, don’t and mustn’t, neither ought to 1 use “i.e.” and “e.g.” in formal writing.
•
• 11. A sentence ought to always begin with a full phrase and a capital letter – so a sentence would start ‘Half 55 says…’, not ‘S 55 says…’ or ‘s 55 says…’
•
• 12. Start each paragraph on a model new line, and depart a clear line gap after the earlier paragraph.
•
• 13. You have to to place internet web page numbers in your venture.
•
• 14. Quotations, and excerpts from legal guidelines should be indented from the rest of the textual content material in a separate paragraph. The textual content material in quotations should not be in italics.
•
• 15. You have to to complete your venture with a bibliography that is divided into three separate parts, itemizing statutes, situations and books / articles / on-line Modules.
•
• 16. A listing of a e ebook in a bibliography ought to appear in accordance with the subsequent format: Barkoczy, S (2015). Foundation of Taxation Laws 2015, (seventh model), North Ryde: CCH. If itemizing a e ebook with a quantity of authors, accomplish that as follows:
• Sadiq, Okay, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A (2015), Guidelines of Taxation Laws 2015, (eighth model), Pymont: Thomson Reuters
•
• 17. When itemizing statutes on the end of your venture it is best to adapt to the format: Income Tax Analysis Act 1997 (Cth). Guidelines the statute solely as quickly as – you do NOT guidelines specific individual half numbers relied on. You should not guidelines textbooks as a result of the provision of Acts – the Act itself is its private provide.
•
• 18. When itemizing situations conform to the format: Allied Mills Industries Pty Ltd v FC of T 89 ATC 4365.
•
• 19. When itemizing article conform to the format: Jones, J ‘The model new analysis of laws’ (2010) 4 Journal of Present Laws 34.
•
• 20. When itemizing CSU Modules conform to the subsequent format: CSU LAW505 Modules.
•
• 21. Make it attainable to your sentences are grammatical – it might be useful to be taught your venture out loud you most likely have any doubts about this.
•
• PLEASE NOTE THAT YOU WILL LOSE MARKS IF YOU DO NOT COMPLY WITH THIS STYLE GUIDE.
•
