Please answer the following questions in a full discussion
1. Please describe the tax situation in the news article
2. What is the importance and the impact of the topic?
3. Who is or may be affected by this situation?
4. What are the potential future implications or issues?
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2020). Taxation. Retrieved from https://myassignmenthelp.com/free-samples/law409-taxation.
"Taxation." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/law409-taxation.
My Assignment Help (2020) Taxation [Online]. Available from: https://myassignmenthelp.com/free-samples/law409-taxation
[Accessed 25 October 2020].
My Assignment Help. 'Taxation' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/law409-taxation> accessed 25 October 2020.
My Assignment Help. Taxation [Internet]. My Assignment Help. 2020 [cited 25 October 2020]. Available from: https://myassignmenthelp.com/free-samples/law409-taxation.
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Answer: 1). Jason should lease the car as has been shown in the “Annexure - Car Lease” attached to the write up. Interest rates or taxes play a factor in decision making as to whether to buy the car outright, lease, or finance the same. When financing the car, one normally spread the full cost of car including all the tax, delivery cost and other cost over the desired number of months and in return of the same pays an amount of inte...Read More
Answer to Question 1 In this case the CGT events are sale of investment property, sales of shares and real estate property as per the section 100-20 of the ITAA 97. The cost base should include the cost of disposal and acquisition of assets as per section 110-25(3) of ITAA 97. Thesection 110-25(4)of the ITAA 97 provides that the renovation cost should be added to the cost base of the property. The section 100-45 of the ITAA 97 provides detail...Read More
Answers: 1. The section 100-20 of the ITAA 97 states that CGT event occurs from the sale of CGT assets are sale of investment property, real estate property and sales of shares. The costs associated with acquisition and disposal are included in cost base as per section 110-25(3) of ITAA 97. The cost of $250000 incurred for renovation the property will be added to the cost base of the property as per the section 110-25(4). ...Read More
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Answer: PART A Answer to Question i Arthur Murray (NSW) Pty Ltd V FCT (1965) 114 CLR 314 Case Facts The person paying tax was associated with providing lessons for dancing to students and also allowed discount to those who make early payment of fees. This practice was used so that the students gets encouraged in paying the fees early. In the agreement between...Read More
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