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

Error goes here

LEGL300 Taxation Law

tag 0 Download6 Pages / 1,286 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question

Jarrod Jones is a well known Rugby Union Football player. In 2017 he won an award from the Hale Bank for most valuable player. The award was a Mercedes Benz motor vehicle valued at $100,000.
 
He also received $250,000 from his contract with Sydney University.

He was selected to play for the Australian team in January 2017, his coach advised him that he would need to bulk up and recommended he drink two cans of beer per day and eat an additional steak. The additional food cost the taxpayer $100 per week. He sought to deduct $2,600.

During the income year, the taxpayer would bet on the horse races on a regular basis , he was very successful and won $50,000.

Advise the Commissioner and the taxpayer on whether the above amounts, are either assessable or deductible.
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 6 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). Taxation Law. Retrieved from https://myassignmenthelp.com/free-samples/legl300-taxation-law/relevant-facts.html.

My Assignment Help (2021) Taxation Law [Online]. Available from: https://myassignmenthelp.com/free-samples/legl300-taxation-law/relevant-facts.html
[Accessed 16 September 2021].

My Assignment Help. 'Taxation Law' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/legl300-taxation-law/relevant-facts.html> accessed 16 September 2021.

My Assignment Help. Taxation Law [Internet]. My Assignment Help. 2021 [cited 16 September 2021]. Available from: https://myassignmenthelp.com/free-samples/legl300-taxation-law/relevant-facts.html.


Writing a case study paper can become an easy task when you have professional paper writers from MyAssignmenthelp.com by your side. Both PESTLE and SWOT analysis are excellent tools used for future planning for companies. If you are asked to use either of this analysis in your case study paper, you can use our template like Apple PESTLE analysis and SWOT analysis from our website. Our expert writers come from distinguished Universities and ensure quality in writing papers for you.

Latest Tax Samples

HI6028 Taxation Theory Practice And Law

Download : 0 | Pages : 7

Answers: Answer 1 Calculating the net capital gain or loss for a year: The case depicts that Eric has acquired certain assets and has possession of those assets for less than a year. The determination of the eligibility of the capital gains from sale of assets could be validated only if the selling price of an asset is higher than the procurement cost of the asset. Furthermore, Eric is also liable to be exempt from indexation benefits owing t...

Read More arrow

LAWS19034 Taxation Law And Practice

Download : 0 | Pages : 9

Answers 1i. The trustworthy client of airline is rewarded with Flight Point and Reward by aviation corporations that is necessarily covered under the directives stipulated under the Taxation Ruling of TR 1999/6. In essence, taxation ruling as mentioned under TR 1999/6 states that points or incentives that are received by diverse clients from corporations operating in the airline industry are generally not considered under taxation as type of i...

Read More arrow Tags: Australia Saint Albans Accounting Management University of New South Wales 

ACTY 6120 Taxation

Download : 0 | Pages : 6

Answers: 1: A: Computation of Gross Dividend paid by ACB Particulars Amount ($) Profit for the period 150000 Less: Tax @ 28% 42000 Profit after tax 108000 Realised capital gains 30000 Share of profits to Belina(Shareholder) 138000   Computation of Imputation credit and RWT calculation Particulars Amount ($) ...

Read More arrow Tags: New Zealand Auckland Finance Taxation University of Auckland Accounting 

LAW5230 Taxation Law

Download : 0 | Pages : 11

Answers: Category 1: Assessable Earnings Solution to Question 2:  Issue In particular, this particular issue deals with specific outcomes of income tax along with capital gains mentioned specifically under the stipulation under sub section 160 M (6) as well as 160M (7) (Ato.gov.au 2017). The guidelines mentioned under the 160 M (6) talks about the defensive agreements as well as business relationships appropriately pointed out in the I...

Read More arrow

HI6028 Taxation Theory Practice And Law

Download : 0 | Pages : 9

Answers Case study 1 According to the case study, to be a citizen of Chilean kit is considered to pay the tax which is charged on him as per the Australian taxation law.  There are so many evidence that support that kit should pay the tax to the government of Australia. The case study shows that due to a citizen of Australia he is charged for the tax though he was an employee of an American company. During his work, he had to stay outsid...

Read More arrow Tags: Australia Melbourne Management Taxation University of Melbourne Masters in Business Administration 
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?