Reference no: EM131163892 , Length: word count:2500
Case study 1: Residence and source
Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. Although the length of his stay is not certain, he leases a residence in Melbourne for 12 months. His wife accompanies him on the trip but his teenage sons, having just commenced college, stay in London. Fred rents out the family home. Apart from the absence of his children, Fred's daily behavior is relatively similar to his behavior before entering Australia. As well as the rent on the UK property, Fred earns interest from investments he has in France. Because of ill health Fred returns to the UK 11 months after arriving in Australia.
Requirement
Discuss whether Fred is a resident of Australia for taxation purposes.
Case study 2: ordinary income
Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land
I. Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159
II. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188
III. FC of T v Whitfords Beach Pty Ltd (1982) 150 CLR
IV. Statham & Anor v FC of T 89 ATC 4070
V. Casimaty v FC of T 97 ATC 5135
VI. Moana Sand Pty Ltd v FC of T 88 ATC 4897
VII. Crow v FC of T 88 ATC 4620
VIII. McCurry & Anor v FC of T 98 ATC 4487
Find the natural frequencies of vibration of the balloon
: A hot-air balloon of mass m is used to lift a load, Mg, by means of 12 equally spaced elastic ropes, each of stiffness k (see Fig. 5.60). Find the natural frequencies of vibration of the balloon in vertical direction. State the assumptions made in..
|
Prepare the sales production and direct materials budgets
: Ash Creek Company is preparing its master budget for 2014. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Prepare the sales, production, and direct materials budgets by quarters for 2014
|
Where within the business cycle
: Where within the business cycle was the United States operating in October of 1929? Briefly compare and contrast the period of 1929 - 1932 with what has taken place in the United States over the past 4 years. While you may feel what happened in 1929 ..
|
Which hospitals would you recommend hospital d
: Which hospitals would you recommend Hospital D consider emulating to improve its efficiency? - What are the inputs and outputs of the HCU for Hospital D?
|
Discuss whether fred is a resident of australia for taxation
: Discuss whether Fred is a resident of Australia for taxation purposes - Explanations of the respective outcomes reached by the courts in the cases which all involving sales of land
|
A federal agency is considering expanding national park
: A federal agency is considering expanding a national park by adding recreational facilities. the initial cost of the project will be 1.5 milli9n dollars, with an annual upkeep cost of 50, 000$, public benefits have been valued at 300,000 $ per year;l..
|
Determine the natural frequencies of oscillation of system
: Two identical circular cylinders, of radius r and mass m each, are connected by a spring, as shown in Fig. 5.57. Determine the natural frequencies of oscillation of the system.
|
Considering two alternatives for manufacturing certain part
: A company is considering two alternatives for manufacturing a certain part. method R will have a first cost of 40,000, an annual operating costs of 25,000 $, and a 10,000 $ salvage value after its f8ve year life. Method S will have an initial cost of..
|
Listing the efficiency and the virtual outputs
: Perform a DEA evaluation for this set of units, listing the efficiency and the virtual outputs for each of restaurants.
|