Assignment (doc) | Taxation Law

Running head: TAXATION LAW
Taxation Law
Name of the Student:
Name of the University:
Author Note

TAXATION LAW1
Table of Contents
Solution to Question 1:...............................................................................................................3
Solution to part A:..................................................................................................................3
Solution to part B:..................................................................................................................3
Solution to part C:..................................................................................................................3
Solution to part D:..................................................................................................................4
Solution to part E:..................................................................................................................4
Solution to part F:...................................................................................................................4
Solution to part G:..................................................................................................................4
Solution to part H:..................................................................................................................5
Solution to part I:...................................................................................................................6
Solution to Question 2-..............................................................................................................6
Solution to Question 3:...............................................................................................................8
Solution to Question 4:.............................................................................................................12
Solution to part A:................................................................................................................12
Solution to part B:................................................................................................................12
Solution to part C:................................................................................................................13
Solution to part D:................................................................................................................13
Solution to Question 5-............................................................................................................14
Solution to part A:................................................................................................................14
Solution to part B:................................................................................................................14

TAXATION LAW2
Solution to part C:................................................................................................................15
Solution to part D:................................................................................................................15
Solution to part E:................................................................................................................16
References:...............................................................................................................................17

TAXATION LAW3
Solution to Question 1:
Solution to part A:
According to the “Taxation Ruling of TR 2009/1” when an organization continue its
business operation, which is considering a small business entity generally followed the
viewpoints of a tax commissioner under “Sec-23 of the Income Tax Rates Act 1986”, that are
applicable from the year financial year 2015-16 and 2016-17 or within “sec-328-110, ITAA
1997”1.
Solution to part B:
As per “Division 30, ITAA 1997” Gift or a contribution is allowed for deduction in
order such gift must be consider as donation2.
Solution to part C:
The highest amount of marginal that is applied on Australian residents stands 45%
(excluding Medicare levy of 2%) for the year 2019-20.
Taxable Income Tax on Taxable Income
0 to $18,200 Nil
$18,201 to $37,000 19c for each $1 above $18,200
$37,001 to $90,000 $3,572 plus 32.5c for each above $1 over
37,000
$90,001 to $180,000 $20,797 plus 37c for each $1 above $90,000
$180,001 and more $54,097 plus 45c for each $1 above
1 Lam, Dung, and Whitney, Alex. “Taxation and Property: Practical Aspects of the New Foreign Resident CGT Witholding Tax.” LSJ: Law
Society of NSW Journal, no. 21, 2016, pp. 84–85.
2 Sadiq, Kerrie, et al. Principles of Taxation Law 2016. Ninth ed., Thomson Reuters, 2016.