Question 1
Henry, a tax resident of Australia, was a well-known jazz singer who handed away recently. Jack, a author was on Henry’s life story and wanted to put in writing down 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 supplied $1 million for Henry story. Jenny was paid $500,000 deposit sooner than the interview. After the interview she was paid the stability of the money.
Would the tax penalties have modified if Jenny had written the information herself?
Required
Advise Jenny on her tax penalties.
You need to cite the associated case regulation and legal guidelines
(10 marks)
Question 2
Sally is a single mum or dad who’s employed as an accountant. With a function 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 earnings. Would she be entitled to a tax deduction beneath 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 is just not 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 need to cite the associated case regulation and legal guidelines
(15 marks)
Rationale
This analysis exercise covers issues from week 1 to 10 and has been designed to just remember to’re partaking with the subject content material materials usually. :
This activity has been designed to judge your functionality to
• be succesful to find out and make clear the foundations of regulation relating to taxation regulation issues coated throughout the matter
• discover a method show a functionality to engage in licensed Assessment
• be succesful to make use of licensed Assessment experience to make use of the regulation to licensed points relating to taxation as a way to achieve a solution
• be succesful to analyse licensed pointers as a way to distinguish between doable outcomes to the licensed factors arising from novel fact circumstances.
Faculty college students must be succesful to find out and apply legal guidelines and case regulation to the issues acknowledged along with show the facility to analyse the issues completely and give attention to the making use of of taxation guidelines
Marking requirements
In assessing your activity the marker will depend on 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 cases, rulings and legal guidelines;
• attain a sound and well-reasoned conclusion;
• use relevant referencing; and
• show time administration experience.
Presentation
• Your reply should not exceed the three,000 phrase limit, excluding the bibliography. The duty needs to be typed in Cases New Roman, 12 degree font, 1.5 spaced and with on the very least a 2.5cm margin on both facet. You need to use APA referencing system. Case and statute names should be italicised.
•
• Please regulate to the following trend data:
• 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 example: Acts Interpretation Act 1901 (Cth). Discover the abbreviation for ‘Commonwealth’ is ‘Cth’ not ‘Cwlth’.
•
• 4. The names of the occasions needs to be italicised, nevertheless the citation shouldn’t, as an example: Smith v Jones (1967) 345 CLR 34.
•
• 5. An in-text reference to a information should be structured as follows: (Latimer, 2010, p. 75). There is not a must put the author’s preliminary. Discover the positioning of brackets, stops and commas. You make the most of ‘pp.’ supplied that referring to a number of net web page. If you happen to’re referring to a information with a number of author, the in-text reference will 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 following occasion – clearly you will alter the reference counting on the subject, 12 months of analysis and Module amount: (CSU LAW505 Modules, 2015, Matter 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 akin to can’t, won’t, don’t and shouldn’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 go away a clear line gap after the earlier paragraph.
•
• 13. You need to put net web page numbers in your activity.
•
• 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 need to end your activity with a bibliography that is divided into three separate parts, itemizing statutes, cases and books / articles / on-line Modules.
•
• 16. A listing of a information in a bibliography ought to appear in accordance with the following format: Barkoczy, S (2015). Foundation of Taxation Regulation 2015, (seventh model), North Ryde: CCH. If itemizing a information with a quantity of authors, obtain this as follows:
• Sadiq, Okay, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A (2015), Concepts of Taxation Regulation 2015, (eighth model), Pymont: Thomson Reuters
•
• 17. When itemizing statutes on the end of your activity it’s best to evolve to the format: Earnings Tax Analysis Act 1997 (Cth). Itemizing the statute solely as quickly as – you do NOT itemizing specific individual half numbers relied on. You should not itemizing textbooks as a result of the availability of Acts – the Act itself is its private provide.
•
• 18. When itemizing cases 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 regulation’ (2010) 4 Journal of Newest Regulation 34.
•
• 20. When itemizing CSU Modules conform to the following format: CSU LAW505 Modules.
•
• 21. Assure that your sentences are grammatical – it could be useful to be taught your activity out loud when you will have any doubts about this.
•
• PLEASE NOTE THAT YOU WILL LOSE MARKS IF YOU DO NOT COMPLY WITH THIS STYLE GUIDE.
•
