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.

Guaranteed Higher Grade!

BULAW 5916 Taxation Law And Practice

tag 0 Download 17 Pages / 4,093 Words tag 18-06-2021
  • Course Code: BULAW5916
  • University: Federation University
    icon

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

  • Country: Australia

Question:

  • The question predominantly relates to the principles of compensation and in particular insurance recoveries
  • The main issue for discussion is how will the amounts be treated for taxation purposes ie. will the amounts be assessable How will the proceeds be treated Will they be on revenue or capital account
  • Each of the components of the settlement should be dealt with both individually as the tax treatment may differ for each amount and also how the treatment may differ if a reduced lump sum amount is settled on
  • Answers should be based on legal authority
  • This question predominantly deals with capital gains tax issues
  • You need to address parts (a) and (b) of the question separately as they are two different issues
  • Both parts are of equal value so factor that in when answering this question
  • Part (a) deals with the disposal of a house that was inherited by Amy, so you need to look at the rules relating to capital gains tax and deceased estates
  • This house was also lived in by Robert, so you need to consider whether the main residence exemption has any application here
  • Part (b) deals with a property also inherited on death
  • You need to consider that this property was not where the deceased primarily lived
  • Also what are the implications, if any, of the farming activity conducted on the property
  • When you are advising Amy, remember that she has not as yet disposed of the property.
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 17 pages

Cite This Work

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

My Assignment Help. (2021). BULAW 5916 Taxation Law And Practice. Retrieved from https://myassignmenthelp.com/free-samples/bulaw5916-taxation-law-and-practice/taxation-office.html.

"BULAW 5916 Taxation Law And Practice." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bulaw5916-taxation-law-and-practice/taxation-office.html.

My Assignment Help (2021) BULAW 5916 Taxation Law And Practice [Online]. Available from: https://myassignmenthelp.com/free-samples/bulaw5916-taxation-law-and-practice/taxation-office.html
[Accessed 28 September 2022].

My Assignment Help. 'BULAW 5916 Taxation Law And Practice' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bulaw5916-taxation-law-and-practice/taxation-office.html> accessed 28 September 2022.

My Assignment Help. BULAW 5916 Taxation Law And Practice [Internet]. My Assignment Help. 2021 [cited 28 September 2022]. Available from: https://myassignmenthelp.com/free-samples/bulaw5916-taxation-law-and-practice/taxation-office.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

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.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?