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Question Answer | TAXATION LAW

This group case study requires students to research and analyze a given scenario, identify the best investment option for clients, apply relevant legal principles, and provide practical advice. The report should be presented in a business format and follow APA referencing style.

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Added on  2022-09-16

Question Answer | TAXATION LAW

This group case study requires students to research and analyze a given scenario, identify the best investment option for clients, apply relevant legal principles, and provide practical advice. The report should be presented in a business format and follow APA referencing style.

   Added on 2022-09-16

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Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID
Question Answer | TAXATION LAW_1
TAXATION LAW1
Table of Contents
Answer to 1: Regarding Share Investment.................................................................................2
Answer 2: Regarding Rental Property:......................................................................................3
Answer A: Estimation of Annual net rental income or loss...................................................3
Answer B: Estimation of Net Capital Gains on sale in July 2022.........................................4
Answer C:...............................................................................................................................5
Answer 3: Regarding business structure:...................................................................................5
Answer 4: Regarding Trust and Asset Distribution:..............................................................6
References:.................................................................................................................................8
Question Answer | TAXATION LAW_2
TAXATION LAW2
Answer to 1: Regarding Share Investment
Computation of Total Tax Payable
In the books of Matt
For the Year ended 30th June 2019
Particulars
Amount
($)
Amount
($)
Assessable Income
Salary 150000
Australian sourced dividend income:
Fully franked (net) 14000
Gross up for franking credits (14000 x 30/70) 6000 20000
Net capital gain on disposal of shares:
Proceeds 120000
Cost base 110000
Gross capital gain (proceeds less cost base) 10000
50% CGT discount 5000 5000
Total Taxable Income 175000
Tax on Taxable Income 52247
Add: Medicare Levy 3500
Less: Franking Credits Offsets 6000
Net Tax Payable 49747
Computation of Total Tax Payable
In the books of Matt
For the Year ended 30th June 2019
Particulars
Amou
nt ($)
Amou
nt ($)
Assessable Income
Salary
15000
0
Australian sourced dividend income:
Fully franked (net) 14000
Gross up for franking credits (14000 x 30/70) 6000 20000
Net capital gain on disposal of shares:
Proceeds 12100
0
Cost base 11000
0
Gross capital gain (proceeds less cost base) 11000
50% CGT discount 5500 5500
Question Answer | TAXATION LAW_3

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