Assignment on Taxation Law (Doc)

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

TAXATION LAW1
Table of Contents
Answer to question 1:.................................................................................................................2
Issue:..........................................................................................................................................2
Laws:..........................................................................................................................................2
Applications:..............................................................................................................................2
Conclusion:................................................................................................................................6
Answer to question 2:.................................................................................................................6
Issue:..........................................................................................................................................6
Laws:..........................................................................................................................................6
Applications:..............................................................................................................................7
Conclusion:................................................................................................................................7
Reference List:...........................................................................................................................8

TAXATION LAW2
Answer to question 1:
Issue:
The contemporary issue that is laid down in this case is determination of the net tax
payable or refundable from the relevant income and expenditure derived by Jordan and
Cameron. In the current context, the taxable income is computed by deducting and including
the relevant expenditure occurred by each of the taxpayers.
Laws:
a. Lodge v FC of T (1972)
b. Jayatilake v FC of T (1991)
c. Section 6-5 of the Income Tax Assessment Act 1997
d. subsection 51 (1) of the ITAA 1936
Applications:

TAXATION LAW3