Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Case study 1: Residence and source
Kit is a permanent resident of Australia. He was born in Chile and retains his Chilean citizenship. Kit spends most of the year working off the coast of Indonesia on an oil rig for a United States company. He was recruited for this job in Australia and signed a contract with the company here. For the last four years, Kit's wife has lived in Australia with their two children. They purchased a home in Australia three years ago. Kit and his wife have a joint bank account with Westpac Bank. Kit's salary is paid directly into his account. All of the family's other investments, including a share portfolio that generates dividend income, remain in Chile. Kit gets one month off from work every third month and, on these occasions, he meets with his family either in Australia or on holidays around South America (usually in Chile where his parents reside).
Discuss whether Kit is a resident of Australia and how his salary and investment income would be taxed (10 marks, max. 1000 words).
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 159II. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188III. FC of T v Whitfords Beach Pty Ltd (1982) 150 CLRIV. Statham & Anor v FC of T 89 ATC 4070V. Casimaty v FC of T 97 ATC 5135VI. Moana Sand Pty Ltd v FC of T 88 ATC 4897VII. Crow v FC of T 88 ATC 4620VIII. McCurry & Anor v FC of T 98 ATC 4487 (10 marks, max. 1000 words).
This assignment is to be submitted by the due date in both soft-copy (Safeassign – Bb). NO hard copy assignment will be accepted. The assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook. It is the responsibility of the student submitting the work to ensure that the work is in fact his/her own work. Ensure that when incorporating the works of others into your submission that it appropriately acknowledged.
The human resources department costs are owed using the direct method and based on the number of employees, and the net amount of costs for the department is $187,000.
consider that noven had 49000 in an inventory of transversal estrogen delivery patches. these patches are from an
Compare the long-term tax benefits and advantages of each type of reorganization, and recommend the type of reorganization that will be most beneficial to the client.
Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return?
He has the use of a company house which has an annual value of £10,750 which cost the company £250,000. Ryan makes no contribution towards the cost of the house or its running costs which cost Maximus Ltd £2,300 in 2011-12.
Estate tax planning is very important for wealthy clients. Examine one tax-planning strategy that a CPA could use for lifetime giving that would reduce overall estate and gift taxes for a client.
Pamela Dawes is a lawyer. She was employed by a major corporation until March 21, 2013. Subsequently, she started her own law practice on April 1, 2013. The fiscal period of her business will end on December 31.
What are the reasons for your decision? Is your decision based on substantial authority and what is the legal doctrine that may disallow your position by the courts?
Discuss in detail the needs of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.
Determine Ruby Division's economic value added and Determine the brick division's division margin
Calculate Peters taxable income/tax loss for the year ended 30 June 2011. Briefly explain all inclusions and exclusions and cite the relevant references
Advise ABC of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2015.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd