Taxation Law

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..................................................................................................................3
Answer to A:..........................................................................................................................3
Answer to B:..........................................................................................................................3
Answer to C:..........................................................................................................................3
Answer to D:..........................................................................................................................3
Answer to E:...........................................................................................................................4
Answer to F:...........................................................................................................................4
Answer to G:..........................................................................................................................4
Answer to H:..........................................................................................................................5
Answer to I:............................................................................................................................5
Answer to Question 2:................................................................................................................6
Answer to A:..........................................................................................................................6
Answer to B:..........................................................................................................................6
Answer to C:..........................................................................................................................7
Answer to D:..........................................................................................................................8
Answer to E:...........................................................................................................................8
Answer to question 3:.................................................................................................................9
Answer to A:..........................................................................................................................9
Answer to B:..........................................................................................................................9
Answer to C:..........................................................................................................................9

2TAXATION LAW
Answer to D:........................................................................................................................10
Answer to question 4:...............................................................................................................10
Answer to A:........................................................................................................................10
Answer to B:........................................................................................................................11
Answer to C:........................................................................................................................11
Answer to D:........................................................................................................................12
Answer to E:.........................................................................................................................12
Answer to question 5:...............................................................................................................13
Issues:...................................................................................................................................13
Laws:....................................................................................................................................13
Application:..........................................................................................................................14
Conclusion:..........................................................................................................................15
References:...............................................................................................................................16

3TAXATION LAW
Answer to question 1
Answer to A:
The taxation ruling of TR 2018/4 covers the effective life of the depreciating assets
under the “section 40-100, ITAA 1997”1.
Answer to B:
Division 13 of the ITAA 1997 covers the details regarding the tax offsets.
Answer to C:
For an Australian resident the top amount of Tax rate that are applicable for the year
2018/19 is given below;
Assessable Income Limit Tax ($)
$180,000 and over $54,097 + 45c for each $1 over $180,000
Answer to D:
Under the legislative reference of “section 118-10 (3) of the ITAA 1997” capital
gains that are made from the personal use assets having a cost base of less than $10,000
should be disregarded2.
1 Lee, Joanne. "The Effectiveness of Part IVA of the Income Tax Assessment Act 1936
(CTH): Time for a Not Merely Incidental'Purpose Test." J. Austl. Tax'n 20 (2018): 1.
2 Campbell, Sam. "Personal liability of a trustee to tax on trust income: Part 2." Taxation in
Australia 53.6 (2018): 322.