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TAXA2000 Introduction To Australian Taxation Law  

Referencing Styles : Chicago | Pages : 2 | Type : Essay
  • Course Code: TAXA2000
  • University: Singapore University Of Social Sciences
  • Country: Singapore

Fiona and Bruce are equal partners in a printing business which used the elections available to SBE taxpayers and used the cash basis. The business is operated from a building which they own.  The building is too large for them and they sublet some of it.  During the current year they sublet it to a new tenant who paid them a lease premium of $25,000 on 1 July CY. The income and expenditure of the partnership are as follows: I...

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