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Peter was the bass guitarist in a band formed and playing in Australia, Mr Curly’s Ducks.  The band had moderate success in Australia, but had much better success in England.  Two of the band members had immigrated from England but had taken out citizenship in Australia.  Peter and the other band member were both born and raised in Australia to Australian parents.  Because of their success in Britain the band decided to move to Britain until they had achieved a wider success, when they would return to Australia.

The band had a final live performance in Melbourne on 10 January 2016 and left for Britain on the 15th January.  Peter owned a house in Brighton, which he leased out before leaving.  To help pay for the early expenses and airfare to Britain he sold his car for $60,000, which he had acquired for $95,000 in 2010.  He also sold some shares he owned.  He bought the shares for $5,000 in 2011 and sold them for $11,000.  The band won the ARIA award (awards given by the Australian music industry) for best album in November 2015.  Each band member received $20,000 as part of the award.  For album sales and live performances each band member had received $140,000 from July 2015 to the time they left for Britain.

The band arrived in London on 20th January 2016.  The band took a 12 month lease on a large house on the outskirts of London from which they would live and work.  They had organised a live performance at the Wembley Arena for 27 February.  The concert was a sell-out.  Each band member received the equivalent of $150,000 for the concert.

In September 2016 the band released a new album, “ A Curly Experience”, which was recorded at Abbey Road, London.  This album sold well in Britain, parts of Europe and moderately in America as well as in Australia.  Each band member received royalties for the sales in Britain, Europe and America the equivalent of $250,000 to the period 30 June 2017.   Royalties for each band member in Australia for the same period was $30,000.  The band won the ARIA award for best single in December 2016 and each band member received $10,000.

The band decided to return to Australia in August 2017 and arrived back in Australia in October.  Peter had to rent a flat as his own home in Brighton was leased until the end of 2018.  The band continued to receive royalties from overseas sales of their newest album.  Each band member received $15,000 from these royalties.  $11,000 of this amount was generated up until the time the band arrived back in Australia.  In November 2017 the band also won the best Album of the year from the British Music Association for their latest album.  Each band member received the equivalent of $16,000.

QUESTION
Advice Peter of the amounts that will be assessable in Australia for the years identified in the facts.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Doctrine Of Precedent

Refer to Textbook Part2 Required:  (No need to refer to any material outside the textbook )  (Cite cases and legislation e.g. The reason that legal and dictionary definitions are similar is because of the decision in Scott v Commissioner of Taxation (1935) 35 SR ...

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Basics Of Australian Taxation

Running head: TAXATION LAW Taxation Law Name of the Student Name of the University Authors Note Course ID 1 TAXATION LAW Table of Contents Answer to question 1: ................................ ................................ ....................... ...

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Management

Alan is an employee at ABC Pty Ltd (ABC). He has negotiated the following remuneration package with ABC: • salary of $300,000; • Payment of Alan's mobile phone bill ($220 per month, including GST). Alan is under a two-year contract whereby he is required to pay a fixed sum each month for u ...

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Principles of Distributed

Required Advise Midoona: 1.As to whether she will be a resident of Australia for income tax purposes for the 2015/2016 income year, giving consideration to all of the tests of residency; and, 2.Calculate Midoona’s tax payable in the 2015/2016 income year; and 3.Provide a discussion setting ...

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