Taxation Law - Australia Study

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

TAXATION LAW1
Table of Contents
Issues:.........................................................................................................................................2
Rule:...........................................................................................................................................2
Application:................................................................................................................................5
Conclusion:................................................................................................................................7
References:.................................................................................................................................8

TAXATION LAW2
Issues:
Whether Mike will be held as occupant of Australia within the legislative provision of
“sec 6 (1) ITAA 1936” or a foreign inhabitant under “sec 995-1 ITAA 1997” for the
2018/19?
Whether the receipts derived by Mike will be viewed as assessable income inside
ordinary concepts of “sec 6-5 ITAA 1997”?
Rule:
According to the legislation of “sec 6-5 (2)” and “sec 6-10 (4) ITAA 1997”, an
Australian dweller is usually assumed taxable on the ordinary income and statutory income
(Woellner et al. 2016). The Australian inhabitant taxpayer are commonly held taxable for the
earnings which is produced directly or indirect from every sources whether inside or outside
of Australia. As noted in “sec 6 (1) ITAA 1936” Australian resident means those people that
has their home in Australia except when they establish a fixed home outside Australia.
Most importantly the meaning of “resident” individual includes four alternate tests;
1. The “common law” test
2. The “Domicile” test
3. The “183-day” test
4. The “commonwealth superannuation fund” test
1: The “Common Law” Test:
This test involves the behaviour when a taxpayer is living in Australia. It mainly involves
determining the behaviour that is viewed consistent with those of an individual resident
(Barkoczy 2016). The relevant considerations are
a. Main intention or the objective existence in Australia