Course of Taxation Law 2022

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
Requirement A:......................................................................................................................2
Requirement B:......................................................................................................................2
Requirement C:......................................................................................................................2
Requirement D:......................................................................................................................3
Requirement E:.......................................................................................................................3
Requirement F:.......................................................................................................................3
Requirement G:..........................................................................................................................3
Requirement H:......................................................................................................................4
Requirement I:........................................................................................................................4
Answer to question 2:.................................................................................................................5
Answer to question 3:.................................................................................................................7
Answer to question 4:...............................................................................................................11
Answer to A:........................................................................................................................11
Answer to B:........................................................................................................................11
Answer to C:........................................................................................................................11
Answer to D:........................................................................................................................12
Answer to question 5:...............................................................................................................13
Answer A:............................................................................................................................13
Answer B:.............................................................................................................................13

TAXATION LAW2
Answer to C:........................................................................................................................14
Answer to D:........................................................................................................................14
Answer to E:.........................................................................................................................15
References:...............................................................................................................................16

TAXATION LAW3
Answer to question 1:
Requirement A:
The “Taxation Ruling of TR 2019/1” lay down the commissioner views on when the
company conducts its business inside the connotation of small business entity under the “sec-
25, ITRA 1986” as applied in 2015-16 and 2016-17 years of income and “sec-328-110, ITAA
1997”1.
Requirement B:
Explanations relating to the deductions of gifts or contributions has been explained
under the “Division 30, ITAA 1997”2.
Requirement C:
The highest amount of tax rate which is applied on the resident income taxpayer in the
present tax year stands 45% for 2019-20.
Taxable Income Tax on Taxable Income
From $0 to $18,200 $0
From $18,201 to $37,000 19c for each $1 beyond $18,200
From $37,001 to $90,000 $3,572 + 32.5c for each beyond $1 over
37,000
1 Long, Brendan, Jon Campbell, and Carolyn Kelshaw. "The justice lens on taxation policy in Australia." St Mark's
Review235 (2016): 94.
2 O’Connell, Ann. "Australia." Capital Gains Taxation. Edward Elgar Publishing, 2017.