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PACC6006 Taxation Law

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Question:

Alan is an employee at ABC Pty 13d (ABC). He has negotiated the following remuneration package with ABC
• salary of 5300.000;
• Payment of Man's mobile phone bill (5220 per month, induclmg GST1. Alan is under a two-year contract whereby he is required to pay a fixed sum each month for unlimited usage of his phone. Alan uses the phone for work-related purposes only;
• Payment of Alan's children's school fees ($20.000 per year) The school fees an GST free. 

ABC also provided Alan with the latest mobile phone handset, which cost $2,000 (Including 651). At the end of the year ABC hosted a dinner at a local Thai restaurant for all 20 employees and their partners. The total cost of the dinner was $6,600 including GST. 
(a) ASse ABC of its MT consequences arising out of the above information, including calculation of any FBT liabiety. for the year ending 31 March 2017. Assume that MC would be entitled to Input tax credits In relation to any GSTenchnive acquisitions.
(b) How wouldyour answer to tal differ if MC onlyhod S employees
(c) How would your answer to (a) ddkr d clients of ABC also attended the end-obyear dinner.

Two years ago Pete purchased a house in Kew. This house had two old tennis courts down the back which were in poor condition. She purchased the property for two reasons: 
• so that she and her family could live In the house; and
• so that she could build three units on the tennis courts and sell them at a Profit. 
In the current tav year the tennis dub nett door offered to buy the old tennis courts. but only if Pete first restored them to good condition. Peta decided to accept the club's offer instead of going ahead with her plan to build and sell units. 
Peta spent 5100,003 On preparing the tennis courts for sale. This involved a rat deal of work. Pets had to resurface the tennis courts and build new fences around them. She then sold the tennis courts in the current tax year to the tennis club for $600,000. Ignoring capital gains tax. discuss whether the receipt of 5600.000 is ordinary income under s &S. 
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My Assignment Help. (2021). Taxation Law. Retrieved from https://myassignmenthelp.com/free-samples/pacc6006-taxation-law/tax-laws.html.

My Assignment Help (2021) Taxation Law [Online]. Available from: https://myassignmenthelp.com/free-samples/pacc6006-taxation-law/tax-laws.html
[Accessed 17 October 2021].

My Assignment Help. 'Taxation Law' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/pacc6006-taxation-law/tax-laws.html> accessed 17 October 2021.

My Assignment Help. Taxation Law [Internet]. My Assignment Help. 2021 [cited 17 October 2021]. Available from: https://myassignmenthelp.com/free-samples/pacc6006-taxation-law/tax-laws.html.


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