Short Answer Questions
Added on 2019-11-26
12 Pages2206 Words218 Views
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Running head: TAXATION LAWTaxation LawName of the UniversityName of the StudentAuthors NoteCourse ID
1TAXATION LAWTable of ContentsAnswer to question 1:.................................................................................................................3Issue:..........................................................................................................................................3Laws:..........................................................................................................................................3Applications:..............................................................................................................................3Conclusion:................................................................................................................................4Answer to question 2:.................................................................................................................4Issue:..........................................................................................................................................4Laws:..........................................................................................................................................4Application.................................................................................................................................4Application:................................................................................................................................5Conclusion:................................................................................................................................5Answer to question 3..................................................................................................................6Issue:..........................................................................................................................................6Laws:..........................................................................................................................................6Application:................................................................................................................................6Conclusion:................................................................................................................................7Answer to question 4:.................................................................................................................7Answer to question 5:.................................................................................................................8Issue:..........................................................................................................................................8Laws:..........................................................................................................................................8
2TAXATION LAWApplication:................................................................................................................................8Conclusion:..............................................................................................................................10Reference List:.........................................................................................................................11
3TAXATION LAWAnswer to question 1:Issue: This issue deals with the determination of capital gains or losses derived from the saleof assets defined under section 108-20 of the ITAA 1997. Laws:i.“Section 108-20 of the ITAA 1997”ii.“Section 108-10 of ITAA 1997”Applications: Under “section 108-20 of the ITAA 1997”, loss of $1,000 incurred for the sale ofhome sound system cannot be permitted for the considered set off, as no losses can be
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