fb
$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

BLO2206 Australian Taxation Law And Practice

tag 0 Download9 Pages / 2,134 Words
  • Course Code: BLO2206
  • University: Victoria University

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Questions:

1)  Jenny is an accountant who works in Hong Kong. She is single and lives in Hong Kong with her parents. Until April 2016 her work does not involve travel. At that time she accepts an offer from her employer to travel temporarily to Australia to provide business advice to large numbers of former Hong Kong residents setting up businesses in Melbourne, Sydney and Brisbane. Jenny enters Australia on 25 April 2016. She intends to spend three months travelling between the three cities, staying in various motels. Her employer asks her towards the end of her three months to take up a position in Sydney for a further nine months. In early July, she leases a serviced executive apartment for nine months near her workplace in Sydney. The apartment is her home base during her stay here. She freights more clothing and some personal effects to Australia. Her parents visit her on two occasions. Although based in Sydney, her commitments require some limited travel. On average, Jenny travels at least once a week to meet clients outside Sydney. Is Jenny a resident of Australia for tax purposes.

2) A well-known television personality was paid a lump sum of $400,000 to encourage her to join a new television network. She accepted the offer and received an annual salary of $100,000 in addition to the lump sum payment.

Discuss whether both the $400,000 and the $100,000 receipts are assessable income.

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 9 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2021) Australian Taxation Law And Practice [Online]. Available from: https://myassignmenthelp.com/free-samples/blo2206-australian-taxation-law-and-practice/understanding-australian-taxation-issue.html
[Accessed 02 December 2021].

My Assignment Help. 'Australian Taxation Law And Practice' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/blo2206-australian-taxation-law-and-practice/understanding-australian-taxation-issue.html> accessed 02 December 2021.

My Assignment Help. Australian Taxation Law And Practice [Internet]. My Assignment Help. 2021 [cited 02 December 2021]. Available from: https://myassignmenthelp.com/free-samples/blo2206-australian-taxation-law-and-practice/understanding-australian-taxation-issue.html.


MyAssignmenthelp.com has appointed best assignment experts who are wizards of words. Our writers know every trick of crafting high quality write-ups within a short period. With years of experiences, we have become one of the most prolific assignment help services in the USA. We deliver custom-made help to students with writing different types of assignments. We guarantee total need-based and timely service, and this is why increasing numbers of students prefer to buy assignment online.

Latest Tax Samples

HA3042 Taxation Law

Download : 0 | Pages : 8
  • Course Code: HA3042
  • University: Holmes Institute

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Answers: 1. Issue As per the highlighted details of the case, a renowned mountaineer Hilary has been given the following payments. Proceeds for selling the copyrights associated with the story amounting to $ 10,0000 Proceeds for selling the manuscript associated with the story amounting to $ 5,000 Proceeds for selling the photographs clicked on expeditions amounting to $ 2,000 The payments above need to be analysed with relation to th...

Read More arrow

HA3042 Taxation Law

Download : 0 | Pages : 8
  • Course Code: HA3042
  • University: Holmes Institute

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Answers: Question 1 Under Section 8-1 of Income Tax Assessment Act 1997: The cost of moving machinery to a new site will be allowed as deduction because it has been incurred while producing or gaining the assessable income. The cost of revaluing assets to effect insurance cover will not be allowed as a deduction because it has been incurred while producing or gaining the exempt income or non-assessable income (Tran-Nam & Evans, 2012)....

Read More arrow Tags: Australia Fairfield Management Safty  University of New South Wales 

ACFI3004 Taxation

Download : 0 | Pages : 6

Answers: Answer to Question 1: Answer to Question 1a: In order to ascertain the “Fringe Benefits Tax (FBT) liability” of ABC Private Limited from the perspective of Alan, it is crucial to undertake the below-stated assumptions: Salaries and wages: FBT does not take into account the salaries and wages that are paid to the staffs working in an organisation (Barkoczy 2016). Therefore, for calculating the FBT liability, the salary ...

Read More arrow

LAWS6016 Taxation Law

Download : 0 | Pages : 2

Answer: Introduction: According to the case study, Peta mainly bought the house two years ago, where it holds two old tennis courts. The intention of Peta was mainly to reside in the houses, while generating income from nearby tennis courts. Nevertheless, later in some point Peta sold the tennis courts for $600,000, which is mainly termed as the assessable income. However, the overall motive of Peta was to reside in the property and earn from t...

Read More arrow Tags: Australia Hurstville Humanities principlesof finacial markets University of New South Wales 

LAWS19033 Taxation Law And Practice

Download : 0 | Pages : 7

Answers Part A 1. The inspector general for the taxation is an independent officer for the statutory office who recognizes the concerns related to the law management. Generally, they are concerned regarding the management issues that are not in favour for managing the administration of good tax. The inspector general provides an independent suggestion to the government officials. 2. The following legislation governs the authority of the taxati...

Read More arrow Tags: Australia Tullamarine Management Safty  University of New South Wales Managemnt 
Next

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?