Identify who is dependent and who is plaintiff

Assignment Help Taxation
Reference no: EM131503328

Case study: 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

Instructions for Assignment:

- Read each case on ATO website legal database

- Write ISSUE - Reasons for problems. Identify who is dependent and who is plaintiff.

- Description from Case study - describe which sections they breach

- Please write one paragraph for defendant and one paragraph for plaintiff

- Decision of Court

Verified Expert

ATO(Australia Taxation Office): Legal database is a collection of legal and policy information. Here, you get access to as much content as possible while making a decision. These includes the following documents: Legislative Determinations, Legislation and supporting material, Case Decision Summaries, Public Rulings, Determinations and Bulletins Law Administration Practice Statements, ATO Interpretative Decisions, ATO Policy Papers, Tax related case law, Taxpayer Alerts, ATO Superannuation Circulars.

Reference no: EM131503328

Questions Cloud

How does your biggest impact align with the research : Ask two adults what or who had the most impact on them. Compare this data with your experience and your research about prominent dynamics.
Important for hr professionals to employ : Argue which framework you think is most important for HR professionals to employ: RBV, Porter's five forces, or another strategic HRM framework.
Describe the ecocultural perspective : Describe the ecocultural perspective. Based on your readings, describe supports or interventions you would recommend from this perspective.
Hrm practices throughout the organization : Porter's five forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
Identify who is dependent and who is plaintiff : Explanations of the respective outcomes reached by the courts in the cases which all involving sales of land - Write ISSUE - Reasons for problems. Identify who is dependent and who is plaintiff.
Impacts the health care professional : Give an example of how ignorance of the law negatively impacts the health care professional and/or the patients.
What was the researchers research question : Was the research design method appropriate for that particular hypothesis? Was it valid? Did their findings support the hypothesis?
Formal performance appraisal system : If you were advising an employer who does not have a formal performance appraisal system and wanted to implement one, which system would you select and why?
An email to the country worker : Write what you would say in an email to the Country worker, Sarah Saunders and explain why we would believe John should not go on the home visit this weekend.

Reviews

Write a Review

Taxation Questions & Answers

  Prepare a schedule starting with pretax financial income

Gross profit on installment sales recorded on the books was $360,000. Gross profit from collections of installment receivables was $240,000.

  Find amount of bear capital loss carryover

Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2011. Bear Corporation has taxable income from other sources of $600,000.

  What amount if any of the premium amuck paid on his behalf

What amount, if any, of the premium AMUCK paid on his behalf, must Grady include in his gross income for the year? Provide a tax authority to support your answer.

  Internationalisation of regulations

Identify three areas to support the above statement and discuss how these areas would benefit a country in trade and commerce.

  The layout of your answers should be in paragraph style

Value creation at the global levels begins when an organization transfers a core competence to an overseas market. Discuss this statement in details. The layout of your answers should be in paragraph style.

  How much of tuition benefit does brady need to include

The firm pays his tuition for him so that he can receive his Master of Science in Taxation, which will qualify him to sit for the CPA exam. How much of the $10,000 tuition benefit does Brady need to include in gross income?

  Income tax project

osalyn uses the Cash Method Of Accounting for Federal Income Tax purposes for her business, ROSALYN'S BOOKSTORE, and the business code for the business for Federal Income Tax purposes

  What is the income tax paid by the italian subsidiary

what is the income tax paid by each of the following: (a) the Italian subsidiary, (b) the Irish subsidiary, (c) the U.S. parent company, and (d) the consolidated entity (i.e., worldwide tax paid)?

  Advise john jones what amounts would be included

Advise John Jones what amounts would be included in his assessable income and whether he return on a cash or accrual basis.

  Calculate grays net investment income

Gray, Inc., a private foundation, reports the following items of income and deductions. Calculate Gray's net investment income. Calculate Gray's tax on net investment income.

  Show the income tax consequences

What could be the income tax consequences to real estate owners of receiving the rebate in 2012 and When Wally died in 2011, the life insurance policy was still in force, and Lime received $3,500. Is $3,500 of life insurance proceeds received by Li..

  Se machinery pty ltd sem is a private resident australian

se machinery pty ltd sem is a private resident australian company incorporatedin 1981. the company develops and

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