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LAW505 Taxation

tag 0 Download 11 Pages / 2,665 Words tag 12-07-2021

Question:

Danny, a tax resident of Australia, was electrical technician working in Robin Pty Ltd. He had recently resigned from that company to undertake a three year studies at Charles Sturt University. This move would upgrade his qualification from a Certificate in Electronics to a Degree in Electrical Engineering. His employer, Jack had verbally indicated that he could return to his position upon the completion of his studies. However there was no discussion if he would be offered an increase in salary or promotion.

During the first half of the current income year, Danny participated in a student exchange program with the Nanyang Univrsity in Singapore. The cost incurred were all substantiated were as follows:

Air ticket

$1,500

Accommodation

$2,000

Meals

$1,200

Books and study materials

$800

Purchase of laptop

$1,800

Purchase of motor vehicle (used for 5 months)

$8,000

Of the six months during Danny’s trip to the Singapore, five months were engaged in his studies. He spent the remainder of the months on holiday activities. The primary purpose of the trip to Singapore was for his studies.

While he was engaged in his studies, Danny worked as a casual tutor in the university. He was paid $4,000 by Nanyang University.

Danny hopes to return to Australia after his studies and continue his employment with Robin Pty Ltd with a substantial increase in salary and promotion.

Required

Advise Danny if the cost that he had incurred are allowable for deduction.

You must cite the relevant case law and legislation.

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Total 11 pages

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My Assignment Help (2021) LAW505 Taxation [Online]. Available from: https://myassignmenthelp.com/free-samples/law505-taxation/deduction-for-the-purpose-of-self-education.html
[Accessed 28 January 2023].

My Assignment Help. 'LAW505 Taxation' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/law505-taxation/deduction-for-the-purpose-of-self-education.html> accessed 28 January 2023.

My Assignment Help. LAW505 Taxation [Internet]. My Assignment Help. 2021 [cited 28 January 2023]. Available from: https://myassignmenthelp.com/free-samples/law505-taxation/deduction-for-the-purpose-of-self-education.html.


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