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Smith, who is a civil engineer, purchased a 30-hectare block of land in Australia in 1986 and used two hectares of it as a main residence. The part that was not main residence cost $600000. In March 2011, Smith decided to conduct the business of land development with respect to the 28hectares. From that date he was involved in the grading clearance, planning and financing of the development. On 1 March 2011, the land had a market value of $2 million. When the land is developed and subdivided Smith thinks he can sell it for a total of $10 million. Requirements:
a) Advise Smith as to the tax consequences of his actions.
b) Would you advice differ if Smith had purchased the land in 1980?
Q. Error detection in operating system? Error detection- Error detection take places at both the hardware and software levels. At the hardware level every data transfers must b
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People arrive at a barber shop at the rate of one every 4.5 minutes. If the shop is full (it can hold five people altogether), 30% of the potential customers leave and come back i
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What is monolithic and its diagram
unequal size partition
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