Answer to question 1: Taxation Law Name of the University Authors' Name

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:.................................................................................................................3
Answer A:..............................................................................................................................3
Answer B:...............................................................................................................................3
Answer C:...............................................................................................................................3
Answer D:..............................................................................................................................3
Answer E:...............................................................................................................................4
Answer F:...............................................................................................................................4
Answer G:..............................................................................................................................4
Answer H:..............................................................................................................................4
Answer I:................................................................................................................................5
Answer to question 2:.................................................................................................................5
Answer to question 3:.................................................................................................................7
Answer to question 4:...............................................................................................................10
Answer to A:........................................................................................................................10
Answer to B:........................................................................................................................10
Answer to C:........................................................................................................................10
Answer to D:........................................................................................................................11
Answer to question 5:...............................................................................................................11
Answer A:............................................................................................................................11
Answer B:.............................................................................................................................11

TAXATION LAW2
Answer to C:........................................................................................................................12
Answer to D:........................................................................................................................12
Answer to E:.........................................................................................................................13
References:...............................................................................................................................14

TAXATION LAW3
Answer to question 1:
Answer A:
The taxation ruling of TR 2019/1 lay down the views of commissioner on when the
company conducts a business inside the sense of small business entity within the section 23,
“Income Tax Rates Act 1986” as the application in the income years of 2015-16 and 2016-17
or inside the “section 328-110, ITAA 1997”.
Answer B:
“Division 30, ITAA 1997” summaries the legislation relating to deductibility of gifts
or contributions.
Answer C:
The top marginal rate of tax for the residents in Australia is 45% for the income year
ended 2019-20.
Taxable Income Tax on Taxable Income
From 0 to $18,200 Nil
From $18,201 to $37,000 19c for each $1 over 18,200
From $37,001 to $90,000 $3,572 + 32.5c for each over $1 over 37,000
From $90,001 to $180,000 $20,797 + 37c for each $1 over $90,000
From $180,001 and over $54,097 + 45c for each $1 over $180,000
Answer D:
Car or motorcycle is not considered as exempted CGT asset. Instead it is observed as
personal use asset under “section 108-20 of the ITAA 1997”.