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Fringe Benefits Tax Assessment Act 1986 Assignment

   

Added on  2020-04-07

9 Pages1446 Words44 Views
Running head: LAW TAXATIONLaw TaxationName of Student:Name of University: Author’s Note:

1LAW TAXATIONTable of ContentsIssue:................................................................................................................................................2Laws:................................................................................................................................................2Application:.....................................................................................................................................2Conclusion:......................................................................................................................................7References:......................................................................................................................................8

2LAW TAXATIONIssue:It has been observed that Charlie worked as a real estate agent of the Shine Homes PtyLtd. This is clearly obtained from the observed case study. A sedan was given to Charlie. Thesituation at hand comprised of the search of the fringe benefits which were to be provided byShine Homes. The proper speculation was done in connection to Charlie as well. According tothe Section 6 of the Miscellaneous Taxation Rulings and Fringe Benefit Tax Assessment Act1986 it can be stated that there are situations in which the fringe benefits are levied on thespecific cars.Laws:a.Section 6 of the Miscellaneous Taxation Rulingsb.Fringe Benefit Tax Assessment Act 1986c.taxation rulings of MT 2027d.sub-section 136 (1) of the Miscellaneous Taxation Rulings of 2027e.section 51 of the Income Tax Assessment Act 1997f.Lunney and Hayley v FCT (1958)g.Newsom v Robertson (1952) 2 All ER 728; (1952)h.Simon in Taylor v Provan (1975) AC 194i.Tubemakers of Australia Ltd v. FC of T93Application:The Cars whose valuation Charlie requires need to be utilised in compliance with thesub-section 136 (1) of the Miscellaneous Taxation Rulings of 2027. This is due to the fact that

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