Query 1
Henry, a tax resident of Australia, was a well-known jazz singer who handed away lately. Jack, a writer was on Henry’s life story and needed to write down a bibliography on Henry’s life. Jack approached Henry’s spouse, Jenny (additionally a tax resident of Australia) to interview her on Henry’s life story. She was provided $1 million for Henry story. Jenny was paid $500,000 deposit earlier than the interview. After the interview she was paid the steadiness of the cash.
Would the tax penalties have modified if Jenny had written the guide herself?
Required
Advise Jenny on her tax penalties.
You have to cite the related case regulation and laws
(10 marks)
Query 2
Sally is a single mum or dad who’s employed as an accountant. With a purpose to attend employment she should put her younger little one in a day-care centre. Sally considers the expense is essentially incurred in gaining her earnings. Would she be entitled to a tax deduction underneath s8-1?
Required
Advise Sally of her tax penalties
(10 marks)
Query three
Joseph conducts an plumbing enterprise. With a view to future retirement he purchases 20ha of land and vegetation native wildflowers that he plans to reap and promote. As a preliminary measure he arranges to clear the land and plough in compost. It’s anticipated that the primary industrial crop is not going to be harvested for 5 years. He incurs curiosity on a mortgage to finance the land buy, land preparation prices, fertilizer prices and prices of buying native seedlings.
Advise Joseph of the tax penalties of the enterprise.
You have to cite the related case regulation and laws
(15 marks)
Rationale
This evaluation activity covers matters from week 1 to 10 and has been designed to make sure that you’re partaking with the topic content material regularly. :
This task has been designed to evaluate your capability to
• be capable to determine and clarify the foundations of regulation regarding taxation regulation matters coated within the topic
• find a way display a capability to have interaction in authorized analysis
• be capable to use authorized analysis expertise to use the regulation to authorized issues regarding taxation in order to succeed in an answer
• be capable to analyse authorized guidelines in order to distinguish between doable outcomes to the authorized points arising from novel truth conditions.
College students ought to be capable to determine and apply laws and case regulation to the problems recognized in addition to display the power to analyse the problems totally and focus on the applying of taxation rules
Marking standards
In assessing your task the marker will count on you to:
• current an essay that’s readable and coherent;
• use applicable language, right spelling and grammar;
• determine and analyse related points;
• clarify and apply related instances, rulings and laws;
• attain a sound and well-reasoned conclusion;
• use applicable referencing; and
• display time administration expertise.
Presentation
• Your reply shouldn’t exceed the three,000 phrase restrict, excluding the bibliography. The task should be typed in Instances New Roman, 12 level font, 1.5 spaced and with at the very least a 2.5cm margin on either side. You have to use Help write my thesis – APA referencing system. Case and statute names must be italicised.
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• Please adjust to the next fashion information:
• 1. Don’t re-state the query.
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• 2. Use in-text referencing. Don’t use footnotes.
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• three. Names of statutes must be italicised, and adopted by the jurisdiction not in italics, for instance: Acts Interpretation Act 1901 (Cth). Notice the abbreviation for ‘Commonwealth’ is ‘Cth’ not ‘Cwlth’.
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• four. The names of the events should be italicised, however the quotation should not, for instance: Smith v Jones (1967) 345 CLR 34.
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• 5. An in-text reference to a guide must be structured as follows: (Latimer, 2010, p. 75). There isn’t a have to put the writer’s preliminary. Notice the positioning of brackets, stops and commas. You utilize ‘pp.’ provided that referring to multiple web page. If you’re referring to a guide with multiple writer, the in-text reference can be as follows: (Smith et al, 2002, p. 78).
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• 6. An in-text reference to the topic’s Modules must be structured in brackets as per the next instance – clearly you’ll alter the reference relying on the topic, 12 months of research and Module quantity: (CSU LAW505 Modules, 2015, Matter 7).
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• 7. Don’t begin a brand new line merely since you are beginning a brand new sentence.
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• eight. Watch out of apostrophes: director’s = of a director, administrators’ = of many administrators, administrators = many administrators. Additionally significantly prevalent is confusion between its (it possessive) and it is (contraction of “it’s”).
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• 9. The next phrases at all times begin with a capital letter: Commonwealth, State, Act, Invoice, Regulation, Structure, Parliament. Don’t unnecessarily capitalise different phrases.10. Don’t use phrases akin to cannot, will not, do not and should not, neither ought to one use “i.e.” and “e.g.” in formal writing.
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• 11. A sentence should at all times start with a full phrase and a capital letter – so a sentence would begin ‘Part 55 says…’, not ‘S 55 says…’ or ‘s 55 says…’
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• 12. Begin every paragraph on a brand new line, and go away a transparent line hole after the previous paragraph.
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• 13. You have to put web page numbers in your task.
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• 14. Quotations, and excerpts from laws must be indented from the remainder of the textual content in a separate paragraph. The textual content in quotations shouldn’t be in italics.
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• 15. You have to finish your task with a bibliography that’s divided into three separate components, itemizing statutes, instances and books / articles / on-line Modules.
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• 16. An inventory of a guide in a bibliography ought to seem in accordance with the next format: Barkoczy, S (2015). Basis of Taxation Regulation 2015, (seventh version), North Ryde: CCH. If itemizing a guide with a number of authors, achieve this as follows:
• Sadiq, Ok, Coleman, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W, and Ting, A (2015), Ideas of Taxation Regulation 2015, (eighth version), Pymont: Thomson Reuters
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• 17. When itemizing statutes on the finish of your task it is best to conform to the format: Earnings Tax Evaluation Act 1997 (Cth). Listing the statute solely as soon as – you do NOT listing particular person part numbers relied on. You shouldn’t listing textbooks because the supply of Acts – the Act itself is its personal supply.
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• 18. When itemizing instances conform to the format: Allied Mills Industries Pty Ltd v FC of T 89 ATC 4365.
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• 19. When itemizing article conform to the format: Jones, J ‘The brand new evaluation of regulation’ (2010) four Journal of Latest Regulation 34.
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• 20. When itemizing CSU Modules conform to the next format: CSU LAW505 Modules.
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• 21. Guarantee that your sentences are grammatical – it might be helpful to learn your task out loud when you have any doubts about this.
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• PLEASE NOTE THAT YOU WILL LOSE MARKS IF YOU DO NOT COMPLY WITH THIS STYLE GUIDE.
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