Explanation of negative gearing of capital gains

Assignment Help Taxation
Reference no: EM131048814

BULAW3731 Income Tax Law &Practice Assignment

Purpose - To enable you to research an aspect of taxation law and its practice.

It is important for you to have time to think through how to structure and present your responses, and to review and discuss what the law is or should be in a particular area. Whilst discussion with others is encouraged, the final piece of work must be your own.

Word Limit - Estimated 2,250 - 2,500 in total. Please be aware that assignments less than the required length will risk not covering the topic adequately.

Topic - This year in Australia there will be a federal election, and tax reform is currently a topic of debate. The Leader of the Opposition, the Honorable Bill Shorten MP, recently released an election policy on negative gearing and the treatment of capital gains tax discounts as they relate to the housing market (the Policy).

Required - Identify and explain the key areas of the Policy, then evaluate whether it exhibits the features (characteristics) of a good tax system.

In your response you must include an explanation of negative gearing and the existing treatment of capital gains as they relate to property investors - referring to sections of legislation, tax rulings and cases where relevant. You must also identify and discuss features or characteristics of a good tax system.

Reference no: EM131048814

Questions Cloud

Health organization disaster planning : Develop a Health Organization Disaster Planning and Response Strategy that links federal, state, and local agency authorities and reflects the potential ethical decision-making that a health care leader may be confronted with.
Prepare bob and mandy 1040 and supporting schedules : Bob has a very successful used car business located at 210 Ocean View Drive in Pensacola, Florida. Last year, you filed a Schedule C for Bob that had $1,200,000 in taxable income. Prepare Bob and Mandy 1040 and supporting schedules
Positions for a physician facility bunch company : Ms. Caldwell acknowledged a $20, 000 annually primary positions for a physician's facility bunch company. One of many clinics in the acquiring was one to which state contracts for mental wellness treatment had recently been granted.
Organization corrective action procedure : Evaluate an organization's corrective action procedure to predict its effectiveness and to determine if improvement has been made when a change is put into practice.
Explanation of negative gearing of capital gains : In your response you must include an explanation of negative gearing and the existing treatment of capital gains as they relate to property investors - referring to sections of legislation, tax rulings and cases where relevant. You must also ident..
Analyze the types of sales resistance : There are many types of sales resistance. Is one type, such as need or price, more difficult to handle than another, such as source, product, or time? In any sales situation, you may experience one or more types and must be prepared to deal with e..
Mitigate the risks of those costs : Discuss how accounting, economic, and social costs can be used in transportation to mitigate risks associated with these costs. Analyze how the company's focus can impact these costs and impact risks. Provide at least one recommendation for each cost..
What are the attitudes toward responsibility exhibited : What are the attitudes toward responsibility exhibited by various characters in the story? If you were David, what are ethically and morally conflicting situations do you face in this case?
Effectiveness of the current network business model : Evaluate the effectiveness of the current network business model prior to the addition of the new on-line retail division and explain your view of the impact on likely inventory models.

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd