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

Error goes here

BUSN3014 Principles Of Taxation Law

tag 0 Download7 Pages / 1,556 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT
  • Course Code: BUSN3014
  • University: Australian National University
  • Country: Australia


1. Your client Tony and Hub run a building partnership called Cedars Building Partners (CBP).

  • CBP has an ABN.
  • CBP usually build residential houses for other people as contract builders.
  • CBP are not property developers and have never sold property.

Tony and Hub inherited a property at 35 Bright Street valued at $1,000,000 from their father Joe who passed away eighteen months ago.

  • The house at 35 Bright Street was built in 1974 on a block of land Joe already owned. Joe paid $70,000 to the builder for the house. Joe used the house as the family home and his principle place of residence up until he passed away.
  • Tony and Hub have leased the house out to residential tenants from for the past eight months and have received $12,000 rent.
  • The house at 35 Bright Street in the middle of a big block of land. The land is zone R2 meaning two dwellings may be built on the one block of land.

Tony and Hub request your advice as to the income and/or CGT consequences in relation to the following:                 

  1. Keep renting out the property and leave everything as it is. 
  2. Sell the house now and invest the money into either another development or into shares or an investment property. 
  3. Relocate the existing house to the back of the block, and then strip and completely renovate the house to a 'like new' status for an estimated cost of $200,000; and build a completely new house at the front of the block costing $250,000.
  4. Tony and Hub then plan to either:
  • Divide the title and sell both houses, when the project is finished, each house is expected to sell for $1,200,000 each: OR
  • Retain both house on one title to rent out – maybe to sell some time in the future. It is predicted that in 5 years the houses would sell for $2,400,000 each

Tony and Hub would like to do the work themselves using CBP builder, to save money, as the total development cost cited above of $200,000 and $250,000 would likely double if they had to pay a builder to do it. Advise Tony and Hub on the consequences of doing the work themselves. 

Required:  Answer the above questions with reference to relevant cases, legislation and/or rulings.  Show any relevant calculations.

2. You run a tax practice and a client, Monica, a financial advisor, comes to ask your advice in respect to a number of outgoings she incurred in this financial year:
a. Purchase of a rental property for $500,000. 
b. Obtained a principle & interest investment loan of $450,000, repaid over 25 years, to finance the rental property purchase and in relation to the loan:
    1. Paid $5,000 establishment fee that she paid before the loan was granted 
    2. Paid loan payments of $11,250 Interest and $10,000 principle on the above loan .
c. Paid $45,000 expenditure to repairs and repaint the property prior to renting 
d. During the year, her sister had asked for advice in managing her financial affairs. Monica gave her advice and charged her $500. She believes that her sister will not pay the bill and so, she has raised a provision for doubtful debts for $500 .
e. After work Monica teaches at the local University on one day per week. Monica expended $500 to travel between the financial advising work and her work as a lecturer. 
f. Monica paid $450 for her membership to the Australian Financial Planners Association and $600 to her local golf club. Monica is a keen golfer and also uses the club to entertain clients. 

Required: Answer the following questions with reference to relevant cases, legislation and/or rulings. Show any relevant calculations.

Advise Monica of the tax deductibility of the above outgoings. You must refer to legislation and/or case law in your answer.

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.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 7 pages, 1 USD Per Page

Cite This Work

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

My Assignment Help. (2021). Principles Of Taxation Law. Retrieved from

My Assignment Help (2021) Principles Of Taxation Law [Online]. Available from:
[Accessed 25 February 2021].

My Assignment Help. 'Principles Of Taxation Law' (My Assignment Help, 2021) <> accessed 25 February 2021.

My Assignment Help. Principles Of Taxation Law [Internet]. My Assignment Help. 2021 [cited 25 February 2021]. Available from:

Students who are planning to set their career abroad are often required to write a college admission essay. It is crucial to write a convincing essay since your future depends on it. If you do not know how to write a college application essay, place an order at and take home a perfect admission essay. If you want to look through some college admission essay examples, you can visit our website.

Latest Tax Samples

ACC30005 Taxation

Download : 0 | Pages : 14

Answer: The information provided related to the company has been thoroughly reviewed. The underlying case laws, tax rulings and legislation have been referred to for providing correct advice in relation to the taxation treatment of the various cash receipts and cash outflows. In order to reach the recommendation, various steps have been considered relating to identifying the issue, discussing the underlying law, applying the same on the basis ...

Read More arrow

LAWS5065 Taxation Law

Download : 0 | Pages : 6
  • Course Code: LAWS5065
  • University: The University Of Newcastle
  • Country: Australia

Answer: Part 1 In order to test the residential status for taxation of a company, three methods can be applied under section 6(1) of the Income Tax Assessment Act. These methods are territory of operation, central management and control system, and the influence of the shareholders. If the entity manages to fulfil one of these requirements, the tax residency of the company will obliged to Australia. Apart from that, as it stated under the Cor...

Read More arrow

BFA714 Australian Tax Law

Download : 0 | Pages : 5
  • Course Code: BFA714
  • University: University Of Tasmania
  • Country: Australia

Answer Australian Taxation Law Introduction A tax refers to any amount of money that is charged by the government on the income of a corporation, individual or the value of a gift or trust. Taxes are divided into different types. Typical examples include the real estate taxes, consumer sales taxes, and use taxes (, 2018). Usually, tax fee is not a voluntary giving but an enforced contribution following the legislative authority of...

Read More arrow

LAWS5065 Taxation Law

Download : 0 | Pages : 10
  • Course Code: LAWS5065
  • University: The University Of Newcastle
  • Country: Australia

Answer Taxation Law Facts of the Case:  The facts of the case explain that Helena and Maxwell are living in Edinburgh however Helena with degree in architecture she grabbed the contract of working in an England based architecture company. Van Diemen’s Architecture Ltd is an England based company that is an England based company which is incorporated in England 1952. The facts of the case study are based on ascertaining the res...

Read More arrow

LAW2453 Taxation

Download : 0 | Pages : 9
  • Course Code: LAW2453
  • University: Royal Melbourne Institute Of Technology
  • Country: Australia

Answer Taxation Identified Issues In the given case, the first thing which needs to be decided is that whether the person or entity is the resident of Australia or not. The taxation of Australia totally depends on the residents who are living and earning from there.  For the next issue, it is to be determined that how the tax regulation of Australia would be affect the taxation structure of these individuals or the company. Each of the ...

Read More arrow

Save Time & improve Grade

Just share requirement and get customized Solution.

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

Add File

Error goes here




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

647 Order Completed

98% Response Time

Adlina Han

Masters in Marketing with Specialization in Branding

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1758 Order Completed

99% Response Time

William Martinez

MS in Biology

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

265 Order Completed

97% Response Time

Ken Campbell

MSc in Electrical Engineering

Wellington, New Zealand

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

I\'m very satisfied with my results. Really wasn\'t expecting my result would get almost a full mark. Would come back for ur service again in the future. Thanks for the help guys


User Id: 475203 - 25 Feb 2021


student rating student rating student rating student rating student rating

I must appreciate the work as it has met all the requirement criteria as described in the order. Hope to score good marks??


User Id: 565362 - 25 Feb 2021


student rating student rating student rating student rating student rating

the experts did a great job as usual. I was very pleased with the outcome and will use again


User Id: 377488 - 25 Feb 2021


student rating student rating student rating student rating student rating

I love this I got a perfect score on my essay. Will for sure be using this again


User Id: 618170 - 25 Feb 2021


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?