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:.................................................................................................................6
Answer to question 3:.................................................................................................................7
Answer to question 4:...............................................................................................................10
Answer to A:........................................................................................................................10
Answer to B:........................................................................................................................11
Answer to C:........................................................................................................................11
Answer to D:........................................................................................................................12
Answer to question 5:...............................................................................................................12
Answer A:............................................................................................................................12
Answer B:.............................................................................................................................12

TAXATION LAW2
Answer to C:........................................................................................................................13
Answer to D:........................................................................................................................13
Answer to E:.........................................................................................................................14
References:...............................................................................................................................15

TAXATION LAW3
Answer to question 1:
Answer A:
As explained in “Taxation Ruling of TR 2009/1” it provides the tax commissioner
view on when the company carry-out the business within the meaning of small business
entity under “Sec-23 of the Income Tax Rates Act 1986” that are applicable from the year
2015-16 and 2016-17 or within “sec-328-110, ITAA 1997” (Barkoczy, 2016).
Answer B:
Deductibility of gifts or contribution is outlined in the “Division 30, ITAA 1997”.
Answer C:
The highest amount of marginal that is applied on Australian residents stands 45% for
the year 2019-20.
Taxable Income Tax on Taxable Income
0 to $18,200 $0
$18,201 to $37,000 19c for each $1 above $18,200
$37,001 to $90,000 $3,572 + 32.5c for each above $1 over
37,000
$90,001 to $180,000 $20,797 + 37c for each $1 above $90,000
$180,001 and above $54,097 + 45c for each $1 above $180,000
Answer D:
For capital gains tax purpose car or motorcycle is not exempted. Instead under “sec-
108-20 of the ITAA 1997” it is treated as personal use asset.