Answer to Question: Taxation Law Name of the University Authors

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

1TAXATION LAW
Table of Contents
Answer to question 1:.................................................................................................................2
Answer to requirement 1:...........................................................................................................2
Issue:..........................................................................................................................................2
Legislations:...............................................................................................................................2
Applications:..............................................................................................................................2
Conclusion:................................................................................................................................3
Answer to requirement 2:...........................................................................................................3
Issue:..........................................................................................................................................3
Legislation:.................................................................................................................................4
Application:................................................................................................................................4
Conclusion:................................................................................................................................4
Answer to requirement 3:...........................................................................................................4
Issue:..........................................................................................................................................4
Legislation:.................................................................................................................................5
Application:................................................................................................................................5
Conclusion:................................................................................................................................6
Answer to requirement 4:...........................................................................................................6
Issue:..........................................................................................................................................6
Legislation:.................................................................................................................................6
Application:................................................................................................................................6

2TAXATION LAW
Conclusion:................................................................................................................................7
Answer to question 2:.................................................................................................................7
Issue:..........................................................................................................................................7
Legislation:.................................................................................................................................7
Application:................................................................................................................................8
Conclusion:..............................................................................................................................10
Answer to question 3:...............................................................................................................11
Answer to question 4:...............................................................................................................13
Reference List:.........................................................................................................................14

3TAXATION LAW
Answer to question 1:
Answer to requirement 1:
Issue:
The problem statement is associated to the determination of deductions that will be
permitted under “section 8-1 of the ITAA 1997” in relation to the cost that has occurred in
shifting machine.
Legislations:
a. “Section 8-1 of the ITAA 1997”
b. “British Insulated & Helsby Cables”
Applications:
The charge that has arisen for moving the machine to the new location denotes capital
expense and admissible deductions is not allowed within the purview 8-1 of the Income Tax
Assessment Act 1997. For the purpose of depreciation, moving the machinery to the new site
has increased the cost of asset1. The charge that has arisen for moving the machine to the new
location denotes a charge that is followed from minor modifications and means to be
permissible as admissible deductions in section 8-1 of the ITAA 1997. The prime reason for
considering the expenditure for allowable deductions is because the cost is regarded as the
part of the business expenses resulting from the day-to-day business operations.
1 Barkoczy, Stephen. "Foundations of Taxation Law 2016." OUP Catalogue(2016).