1. With reference to the UK Australia Double Tax Agreement explain:
With reference to all relevant legislation, calculate Dale’s net capital gain and explain its tax assessment.
You must reference each step in the process to the relevant legislation. The numbers in the calculation will not be sufficient.
5. a. With reference to Softwood Pulp and Paper v FCT 1976 explain whether a deduction is available for interest paid on a loan during the preparatory stages of a business.
In your opinion when would a business advance from a preparatory stage?
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